Twist Bioscience Corporation

Ticker: TWST

Class Period Start: 12/13/2019

Class Period End: 11/14/2022

Registration Deadline: 02/10/2023

A securities class action has been filed in the USDC – N.D.CA. against Twist Bioscience Corporation (TWST) on behalf of a class of all persons and entities who purchased or otherwise acquired Twist common stock between December 13, 2019 through November 14, 2022.

The Complaint alleges that, throughout the Class Period, the Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about Twist’s business and operations. Specifically, as alleged in the Scorpion Report, Defendants overstated the commercial viability of Twist’s synthetic DNA manufacturing technology while engaging in accounting fraud and using unsustainable pricing to inflate the Company’s true financial condition and prospects.

In response to the revelations in the Scorpion Report, the price of Twist common stock fell $7.57 per share, or nearly 20%, from a close of $38.00 per share on November 14, 2022, to close at $30.43 per share on November 15, 2022.

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