Investors In Dyne Therapeutics, Inc. Are Invited To Join An Investigation For Possible Securities Related Infractions
Rhea-AI Summary
The Schall Law Firm, a national shareholder rights litigation firm, is investigating potential securities law violations by Dyne Therapeutics, Inc. (NASDAQ:DYN). The investigation stems from Dyne's September 3, 2024 press releases, which announced positive clinical data from its DELIVER trial for DYNE-251 in Duchenne muscular dystrophy patients. However, on the same day, the company revealed that its CMO, COO, and CBO were stepping down. This news caused Dyne's stock to plummet by 30.7%, significantly impacting investors. The Schall Law Firm is encouraging affected shareholders to participate in the investigation and discuss their rights.
Positive
- Positive clinical data from DELIVER trial for DYNE-251 in Duchenne muscular dystrophy patients
Negative
- CMO, COO, and CBO stepping down from their roles
- Stock price dropped 30.7% following the announcements
- Potential securities law violations under investigation
News Market Reaction – DYN
On the day this news was published, DYN declined 1.70%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LOS ANGELES, CA / ACCESSWIRE / September 9, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dyne Therapeutics, Inc. ("Dyne" or "the Company") (NASDAQ:DYN) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Dyne issued a press release on September 3, 2024, "announcing new clinical data from its ongoing Phase 1/2 DELIVER trial of DYNE-251 in patients with Duchenne muscular dystrophy (DMD) who are amenable to exon 51 skipping demonstrating unprecedented dystrophin expression and functional improvement in multiple cohorts." Despite this news, the Company announced in a second press release on the same day that its CMO, COO, and CBO were "stepping down from their roles." Based on this news, shares of Dyne cratered by
If you are a shareholder who 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 bschall@schallfirm.com
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
SOURCE: The Schall Law Firm
View the original press release on accesswire.com
FAQ
What caused Dyne Therapeutics (DYN) stock to drop 30.7% on September 3, 2024?
What is the focus of the investigation into Dyne Therapeutics (DYN)?
What clinical trial results did Dyne Therapeutics (DYN) announce on September 3, 2024?
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