Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Replimune Group, Inc. following a significant drop in stock price after the FDA issued a Complete Response Letter regarding its Biologics License Application for RP1 [3][6][7] Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $50,000 in Replimune between November 22, 2024, and July 21, 2025, to discuss their legal options [1] - A federal securities class action has been filed against Replimune, with a deadline of September 22, 2025, for investors to seek the role of lead plaintiff [3][8] - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [4] Group 2: Allegations Against Replimune - The complaint alleges that Replimune and its executives violated federal securities laws by making false or misleading statements regarding the IGNYTE trial's prospects [5] - It is claimed that the defendants overstated the trial's prospects, leading to the FDA deeming it inadequate and not well-controlled [5][6] - Following the FDA's announcement, Replimune's stock plummeted over 73% during intraday trading on July 22, 2025 [7] Group 3: Company Communication - On July 22, 2025, Replimune announced it received a Complete Response Letter from the FDA, indicating that the application could not be approved in its current form [6] - The FDA's response highlighted that the IGNYTE trial did not provide substantial evidence of effectiveness [6]
Faruqi & Faruqi Reminds Replimune Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of September 22, 2025 – REPL