NEW YORK, June 14, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of MacroGenics, Inc. (“MacroGenics” or the “Company”) (NASDAQ: MGNX). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980.
The investigation concerns whether MacroGenics and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 19, 2021, MacroGenics issued a press release “announc[ing] preliminary safety and anti-tumor activity data from the Company’s ongoing Phase 1 clinical trial of MGC018”, an “investigational antibody drug conjugate (ADC) . . . designed to deliver a DNA alkylating duocarmycin payload to both dividing and non-dividing cells in a B7-H3 dependent manner.” Among other data, MacroGenics reported that “at least one treatment-related adverse event was experienced by 27 of 29 patients (93%)” and “[a]t 4.0 mg/kg, one patient developed a dose-limiting toxicity manifested by Grade 3 fatigue that lasted for more than 72 hours and as previously reported, a Grade 4 neutropenia occurred in a patient in the 2.0 mg/kg cohort.”
On this news, MacroGenics’ stock price fell $1.15 per share, or 3.67%, to close at $30.16 per share on May 20, 2021.
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Robert S. Willoughby
888-476-6529 ext. 7980