Robbins LLP Files Securities Class Action Against Sana Biotechnology for Misleading Investors.
Robbins LLP, a nationally recognized shareholder rights law firm, has filed a securities class action lawsuit against Sana Biotechnology, Inc. (NASDAQ: SANA). The case was filed on behalf of investors who purchased Sana securities between March 17, 2023, and November 4, 2024.
According to the complaint, Sana made materially misleading statements and failed to disclose critical information related to its financial health and product pipeline during the class period.
Allegations at the Center of the Lawsuit
Throughout the class period, Sana Biotechnology presented itself as financially stable and positioned to advance multiple promising therapies.
However, investors now allege that this narrative was incomplete and misleading. The complaint asserts that Sana was facing significant financial challenges that jeopardized its ability to continue operations at current levels or support its full portfolio of product candidates.
Specifically, the lawsuit claims that:
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The company was at risk of running out of cash needed to maintain operations and support development programs.
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Several key therapies in the pipeline — including SC291 (oncology), SC379, and SG299 — were less promising than publicly stated.
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Sana intended to reduce or discontinue funding for those therapies and implement significant staff reductions to preserve cash.
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As a result, the company allegedly overstated its financial capacity and the strength of its product development efforts.
When this information came to light, Sana’s stock declined, causing substantial losses for investors who had relied on the company’s earlier public statements.
What Investors Can Do
If you purchased or acquired Sana securities during the specified period and suffered losses, you may be eligible to participate in the class action. Robbins LLP is currently speaking with affected shareholders and reviewing potential claims.
To learn more or to take action, investors can:
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Call Robbins LLP at (800) 350-6003
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Contact attorney Aaron Dumas, Jr. via email: adumas@robbinsllp.com
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Submit an inquiry through the firm’s website
Sana Biotechnology is a clinical-stage company pioneering engineered cell and gene therapies to treat serious diseases. With a focus on in vivo and ex vivo cell engineering, Sana is developing innovative approaches to repair and control genes, replace damaged cells, and ultimately change the course of conditions such as cancer, neurological disorders, and autoimmune diseases. The company aims to deliver transformative outcomes through its cutting-edge science, scalable platforms, and commitment to addressing high unmet medical needs.
Robbins LLP is a nationally recognized law firm focused on shareholder and consumer rights. The firm represents investors in securities fraud, corporate misconduct, and fiduciary duty cases, helping to recover losses and improve corporate governance. With a proven track record and commitment to accountability, Robbins LLP continues to be a trusted advocate for investor protection.
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