The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Instil Bio, Inc. (“Instil Bio” or “the Company”) (NASDAQ: TIL) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Instil Bio disclosed on October 31, 2022, that it had informed the FDA that it had voluntarily paused enrollment in a clinical trial due to problems in manufacturing one of its therapies. The manufacturing trouble resulted in an inability to properly dose patients in a clinical trial of ITIL-168 for advanced melanoma. Based on this news, shares of Instil Bio fell by more than 33% in intraday trading.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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