INVESTOR ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Sana Biotechnology, Inc. and Certain Officers - SANA
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Pomerantz LLP has filed a class action lawsuit against Sana Biotechnology (SANA) alleging the company made false and misleading statements about its financial capabilities and product development between March 17, 2023, and November 4, 2024. The lawsuit claims Sana misrepresented its ability to maintain operations and advance product candidates, subsequently reducing headcount and suspending development of key programs like SC291 and SC379.

March 24, 2025 | 11:15 pm
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The class action lawsuit could potentially impact Sana's stock price and reputation, highlighting alleged misrepresentations about the company's financial strategy and product development roadmap.
The lawsuit directly targets Sana, alleging systematic misrepresentation of its financial health and product development strategy. Two significant stock price drops (8.95% and 9.84%) following strategic announcements suggest potential investor loss of confidence.
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