NEW YORK, NY / ACCESSWIRE / August 14, 2022 / Pomerantz LLP is investigating claims on behalf of investors of GSK plc ("GSK" or the "Company") (NYSE: GSK). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether GSK and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On August 9, 2022, Vir Biotechnology, Inc. ("Vir"), GSK's development partner for the proposed COVID-19 treatment sotrovimab, issued a press release disclosing that that Vir "and GSK do not plan to file a Biologics License Application for sotrovimab at this time and do not intend to pursue the US-based Phase 3 COMET-STAR prophylaxis trial. Discussions with the FDA remain ongoing regarding the appropriate path forward for sotrovimab in the US." On this news, GSK's American Depositary Receipt price fell $1.73 per share or 4.32% percent, to close at $38.30 per share on August 10, 2022.
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SOURCE: Pomerantz LLP