Humanigen, Inc.

Ticker: HGEN

Class Period Start: 05/28/2021

Class Period End: 07/12/2022

Registration Deadline: 10/25/2022

A class action lawsuit has been filed in the USDC, N.J. on behalf of purchasers of the securities of Humanigen, Inc. (NASDAQ: HGEN) between May 28, 2021 and July 12, 2022, both dates inclusive (the “Class Period”).

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business operations and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose that:

  • lenzilumab was less effective in treating hospitalized COVID-19 patients than defendants had represented;
  • as a result, the U.S. Food and Drug Administration (“FDA”) was unlikely to approve the lenzilumab Emergency Use Authorization (“EUA”) and the ACTIV-5/BET-B study was unlikely to meet its primary endpoint;
  • accordingly, lenzilumab’s clinical and commercial prospects were overstated; and
  • as a result, the Company’s public statements were materially false and misleading at all relevant times.

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