NEW YORK, Sept. 26, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits can be filed on behalf of Humanigen, Inc. HGENLatch, Inc. LTCHAzure Power Global Limited AZREand Abbott Laboratories AWAY. Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.
Humanigen, Inc. HGEN
Class Period: May 28, 2021 – July 12, 2022
Lead Plaintiff Deadline: October 25, 2022
Humanigen is a clinical-stage biopharmaceutical company focused on the prevention and treatment of an immune system overreaction called “cytokine storm,” a physiological response in which the immune system suddenly causes an uncontrolled and excessive release of pro-inflammatory signaling molecules called cytokines in large amounts can cause multisystem organ failure and death. The company’s lead product candidate is its proprietary antibody lenzilumab, which is in development to treat, among other things, the cytokine storm associated with COVID-19.
Among other studies, Humanigen is evaluating lenzilumab for the treatment of hospitalized COVID-19 patients in the ACTIV-5/BET-B study, which is part of a direct public-private partnership with the National Institutes of Health.
In May 2021, Humanigen submitted an Emergency Use Authorization (“EUA”) application to the U.S. Food and Drug Administration (“FDA”) for lenzilumab to treat patients hospitalized with COVID-19 (the “EUA for lenzilumab”).
On September 9, 2021, Humanigen issued a press release announcing that the FDA had denied lenzilumab’s EUA and advised investors that “[i]in his letter [the] The FDA said it was unable to conclude that the known and potential benefits of lenzilumab outweigh the known and potential risks of its use to treat COVID-19.”
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