Investigations

GRABAR LAW OFFICE INVESTIGATES CLAIMS AGAINST OFFICERS AND DIRECTORS OF MACROGENICS, INC. (NASDAQ: MGNX)

MacroGenics, Inc. is a biopharmaceutical company focused on discovering, developing, manufacturing and commercializing innovative monoclonal antibody-based therapeutics for the treatment of cancer.

A recently filed securities fraud alleges that MacroGenics, Inc. (NASDAQ: MGNX), via certain of its officers and directors made material misrepresentations about the safety data from its TAMARACK Phase 2 study of vobramitamab duocarmazine. The Complaint further alleges that when on May 9, 2024, the investing public learned that the drug was significantly more dangerous than Defendants had previously represented, MGNX’s stock declined 77.4% due to a drop of $11.36/share, damaging shareholders.

Current MacroGenics shareholders who have held MacroGenics stock since prior to March 7, 2024, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever.

If you would like to learn more about this matter, you are encouraged to contact us at [email protected], or call 267-507-6085.

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