DESIGN THERAPEUTICS, INC. NEW YORK, Sept. 21, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Design Therapeutics, Inc. ("Design" or the "Company") (NASDAQ: DSGN). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Design and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On August 14, 2023, Design issued a press release announcing that the Company will alter the formulation of its Phase 1 Fredreich's ataxia candidate DT-216 due to injection site reactions, reporting that five cases of injection site thrombophlebitis (blood clot in veins) were observed in the Phase 1 MAD clinical trial.
On this news, Design Therapeutics' stock price fell $5.17 per share, or 70.46%, to close at $2.17 per share on August 15, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP
