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NEW YORK, Sept. 27, 2022 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP, a nationally recognized investor rights law firm, is reminding investors of the deadline for filing a motion by lead plaintiff in a securities class action lawsuit filed on behalf of investors, who have between purchased or acquired the securities of Humanigen, Inc. (“Humanigen” or the “Company”) (NASDAQ: HGEN). May 28, 2021 and July 12, 2022, inclusive (the “Class Period”). The lawsuit was filed in the United States District Court for the District of New Jersey alleging violations of the Securities Exchange Act of 1934.
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 (“NIH”).
In May 2021, Humanigen submitted an emergency use authorization application to the U.S. Food and Drug Administration (“FDA”) for lenzilumab to treat patients hospitalized with COVID-19 (the “Lenzilumab EUA”).
The plaintiff alleges that the defendants throughout the…
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