Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices by CARGO Therapeutics, Inc. and its officers or directors [1] Group 1: Company Overview - CARGO Therapeutics, Inc. conducted its initial public offering on November 10, 2023, offering 18.75 million shares at a price of $15.00 per share [2] - The company announced the discontinuation of the FIRCE-1 Phase 2 clinical study for firi-cel on January 29, 2025, due to unfavorable results regarding its competitive benefit-risk profile [2] - Following the announcement, CARGO's stock price dropped by $9.80, or 74.3%, closing at $3.39 per share on January 30, 2025 [2] Group 2: Legal Context - Pomerantz LLP is recognized for its expertise in corporate, securities, and antitrust class litigation, having a history of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [3]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of CARGO Therapeutics, Inc - CRGX