Judge: Investors Didn’t Show Pharmaceutical Company’s Projections Are False

(July 17, 2024, 1:00 PM EDT) -- NEWARK, N.J. — A federal judge in New Jersey dismissed without prejudice a putative class complaint brought by investors who said a biopharmaceutical company and certain of its executives misled investors about the amount of capital available to the company to test its stem cell treatment for a type of blood cancer, finding that the investors failed to allege a material misrepresentation about the funding....