Bolt Biotherapeutics, Inc.

Registration Deadline:

09/03/2024

Submit Your Information

A securities class action has been filed in the USDC — N.D.CA. against Bolt Biotherapeutics, Inc. (BOLT) (“Bolt” or the “Company”), on behalf of all persons or entities that purchased or otherwise acquired Bolt securities between February 5, 2021 and May 14, 2024, both dates inclusive (the “Class Period”).

 

Bolt, a clinical-stage biopharmaceutical company, engages in the development of immunotherapies for the treatment of cancer. The Company’s business model relies primarily on the success of its “Boltbody” pipeline of immuno-oncology product candidates. Bolt’s product pipeline includes the immune-stimulating antibody conjugate (“ISAC”) BDC-10011 , designed to target a tumor antigen known as human epidermal growth factor receptor 2 (“HER2”) that is often found in cancers such as breast and gastroesophageal cancer, as well as BDC-3042 and BDC4182, programs “targeting the clinically validated cancer antigen Claudin 18.2.”.

 

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:

 

(1) BDC-1001 was less effective than the Company had represented to investors and was in fact unlikely to meet its pre-defined success criteria;

(2) accordingly, Defendants overstated the clinical and/or commercial prospects of Bolt’s product pipeline, on which the Company primarily relies to sustain its business model;

(3) all of the foregoing subjected the Company to a heightened risk of disruptive leadership transitions and substantial workforce reduction; and

(4) as a result, the Company’s public statements were materially false and misleading at all relevant times, thereby harming investors.

 

 

If you purchased Bolt securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

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