{"id":78172,"date":"2022-09-03T15:09:26","date_gmt":"2022-09-03T15:09:26","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=97466"},"modified":"2022-09-03T15:09:26","modified_gmt":"2022-09-03T15:09:26","slug":"rosen-respected-investor-counsel-encourages-centessa-pharmaceuticals-plc-investors-to-inquire-about-securities-class-action-investigation-cnta","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/rosen-respected-investor-counsel-encourages-centessa-pharmaceuticals-plc-investors-to-inquire-about-securities-class-action-investigation-cnta\/","title":{"rendered":"ROSEN, RESPECTED INVESTOR COUNSEL, Encourages Centessa Pharmaceuticals plc Investors to Inquire About Securities Class Action Investigation \u2013 CNTA"},"content":{"rendered":"

NEW YORK, Sept. 03, 2022 (GLOBE NEWSWIRE) —\u00a0WHY:\u00a0<\/strong>Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Centessa Pharmaceuticals plc\u00a0(NASDAQ: CNTA) resulting from allegations that Centessa may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong>\u00a0If you purchased Centessa securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT:\u00a0<\/strong>To join the prospective class action, go to\u00a0https:\/\/rosenlegal.com\/submit-form\/?case_id=8067<\/a>\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\u00a0pkim@rosenlegal.com<\/a>\u00a0or\u00a0cases@rosenlegal.com<\/a>\u00a0for information on the class action.<\/p>\n

WHAT IS THIS ABOUT:<\/strong>\u00a0On or around May 27, 2021, Centessa conducted its initial public offering (\u201cIPO\u201d), selling 16.5 American Depositary Shares (\u201cADSs\u201d) priced at $20.00 per share.<\/p>\n

Then, on June 2, 2022, Centessa issued a press release \u201cannounc[ing] that it has made the strategic decision to discontinue development of lixivaptan for Autosomal Dominant Polycystic Kidney Disease (ADPKD) including both the Phase 3 ACTION Study and the open-label ALERT Study.\u201d Centessa specified that \u201c[t]he decision is based on a thorough reassessment of the commercial potential of lixivaptan as a potential best-in-class therapy for patients with ADPKD, and the incremental development challenges and associated costs, following a recent observation of alanine aminotransferase (ALT) and aspartate aminotransferase (AST) elevations in one subject in the ALERT Study.\u201d On this news, Centessa\u2019s ADS price fell $1.25 per ADS, or 27%, to close at $3.25 per ADS on June 2, 2022.<\/p>\n

Then, on August 10, 2022, Centessa issued a press release \u201cannounc[ing] its decision to discontinue development of ZF874 following a recent report of an adverse event (AE) involving elevated liver enzymes (AST\/ALT) in a PiMZ subject dosed with 5 mg\/kg BID of ZF874 in the Phase 1 study.\u201d Centessa stated that \u201c[b]ased on the results observed to date, the Company concluded that ZF874 was unlikely to achieve the desired target product profile.\u201d On this news, Centessa\u2019s ADS price fell 5% per ADS to close at $4.75 per ADS on August 10, 2022.<\/p>\n

WHY ROSEN LAW:\u00a0<\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

Follow us for updates on LinkedIn:\u00a0https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter:\u00a0https:\/\/twitter.com\/rosen_firm<\/a>\u00a0or on Facebook:\u00a0https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————–<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Sept. 03, 2022 (GLOBE NEWSWIRE) \u2014\u00a0WHY:\u00a0Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Centessa Pharmaceuticals plc\u00a0(NASDAQ: CNTA) resulting from allegations that Centessa may have issued materially misleading business information to the investing public. SO WHAT:\u00a0If you purchased Centessa securities you [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,53,343],"tags":[],"yoast_head":"\nROSEN, RESPECTED INVESTOR COUNSEL, Encourages Centessa Pharmaceuticals plc Investors to Inquire About Securities Class Action Investigation \u2013 CNTA - Lebanon News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lebanonnewsgazette.com\/rosen-respected-investor-counsel-encourages-centessa-pharmaceuticals-plc-investors-to-inquire-about-securities-class-action-investigation-cnta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROSEN, RESPECTED INVESTOR COUNSEL, Encourages Centessa Pharmaceuticals plc Investors to Inquire About Securities Class Action Investigation \u2013 CNTA - Lebanon News Gazette\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Sept. 03, 2022 (GLOBE NEWSWIRE) \u2014\u00a0WHY:\u00a0Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Centessa Pharmaceuticals plc\u00a0(NASDAQ: CNTA) resulting from allegations that Centessa may have issued materially misleading business information to the investing public. 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