LOS ANGELES, CA / ACCESSWIRE / November 8, 2021 / Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against PolarityTE, Inc. (“PolarityTE” or “the Company”) (NASDAQ: PTE) for violation of Â§Â§10 (b) and 20 (a ) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.
Investors who purchased the Company’s securities between April 30, 2020 and August 23, 2021 inclusive (the âRecourse Periodâ), are invited to contact the company before November 23, 2021.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by legal counsel. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. PolarityTE’s new drug investigation application for SkinTE did not provide sufficient information on the elements of chemistry, manufacture and control (CMC). Based on this loophole, it was unlikely that the FDA would approve SkinTE on the basis of the new drug application. The Company has significantly overestimated the likelihood of SkinTE obtaining regulatory approval. Based on these facts, the Company’s public statements throughout the Class Period were false and misleading. When the market learned the truth about PolarityTE, investors suffered damage.
Join the case to recoup your losses.
The Schall law firm represents investors around the world and specializes in securities class actions and shareholder rights litigation.
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and rules of professional conduct.
THE SOURCE: Schall Law Firm
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