{"id":690939,"date":"2022-10-01T11:08:06","date_gmt":"2022-10-01T15:08:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-centessa-pharmaceuticals-plc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-cnta\/"},"modified":"2022-10-01T11:08:06","modified_gmt":"2022-10-01T15:08:06","slug":"investor-alert-centessa-pharmaceuticals-plc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-cnta","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-centessa-pharmaceuticals-plc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-cnta\/","title":{"rendered":"INVESTOR ALERT: Centessa Pharmaceuticals plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit &#8211; CNTA"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">SAN DIEGO<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Oct. 1, 2022<\/span><\/span> PRNewswire\/ &#8212; The law firm of <b><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3664496-1&amp;h=2051713785&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-centessa-pharmaceuticals-plc-class-action-lawsuit-cnta.html&amp;a=Robbins+Geller+Rudman+%26+Dowd+LLP\" target=\"_blank\" rel=\"nofollow noopener\">Robbins <span class=\"xn-person\">Geller Rudman<\/span> &amp; Dowd LLP<\/a><\/b> announces that purchasers or acquirers of Centessa Pharmaceuticals plc (NASDAQ: CNTA): (i) American Depositary Shares (&#8220;ADSs&#8221;) pursuant and\/or traceable to the Offering Documents issued in connection with Centessa&#8217;s initial public offering conducted on or about <span class=\"xn-chron\">May 28, 2021<\/span> (the &#8220;IPO&#8221;); and\/or (ii) Centessa securities between <span class=\"xn-chron\">May 28, 2021<\/span> and <span class=\"xn-chron\">June 1, 2022<\/span>, inclusive (the &#8220;Class Period&#8221;) have until <span class=\"xn-chron\">November 28, 2022<\/span> to seek appointment as lead plaintiff in the <i>Centessa<\/i> class action lawsuit. Captioned <i>Fernandes v. Centessa Pharmaceuticals plc<\/i>, No. 22-cv-07030 (C.D. Cal.), the <i>Centessa<\/i> class action lawsuit charges Centessa as well as certain of its top executive officers and directors with violations of the Securities Act of 1933 and\/or Securities Exchange Act of 1934.\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/198876\/robbins_geller_rudman_and_dowd_llp_logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/198876\/robbins_geller_rudman_and_dowd_llp_logo.jpg\" title=\"Robbins Geller, with 200 lawyers in ten offices, represents U.S. and international institutional investors in contingency-based securities and corporate litigation. The firm has obtained many of the largest securities class action recoveries in history, including the largest securities class action judgment. Please visit  http:\/\/www.rgrdlaw.com for more information. (PRNewsFoto\/Robbins Geller Rudman &amp; Dowd LLP)\" alt=\"Robbins Geller, with 200 lawyers in ten offices, represents U.S. and international institutional investors in contingency-based securities and corporate litigation. The firm has obtained many of the largest securities class action recoveries in history, including the largest securities class action judgment. Please visit  http:\/\/www.rgrdlaw.com for more information. (PRNewsFoto\/Robbins Geller Rudman &amp; Dowd LLP)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>If you suffered substantial losses and wish to serve as lead plaintiff of the <i>Centessa<\/i> class action lawsuit, please provide your information here:<\/b>\n      <\/p>\n<p>\n        <b><br \/>\n          <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3664496-1&amp;h=3269032195&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-centessa-pharmaceuticals-plc-class-action-lawsuit-cnta.html&amp;a=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-centessa-pharmaceuticals-plc-class-action-lawsuit-cnta.html\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.rgrdlaw.com\/cases-centessa-pharmaceuticals-plc-class-action-lawsuit-cnta.html<\/a><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <b>You can also contact attorney <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3664496-1&amp;h=770854492&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-centessa-pharmaceuticals-plc-class-action-lawsuit-cnta.html&amp;a=J.C.+Sanchez\" target=\"_blank\" rel=\"nofollow noopener\">J.C. Sanchez<\/a><\/b><br \/>\n        <b>of Robbins Geller by calling 800\/449-4900 or via e-mail at <a href=\"mailto:jsanchez@rgrdlaw.com\" target=\"_blank\" rel=\"nofollow noopener\">jsanchez@rgrdlaw.com<\/a>.\u00a0 <\/b>\n      <\/p>\n<p>\n        <b>CASE ALLEGATIONS<\/b>: Centessa&#8217;s development pipeline includes, among other products, lixivaptan, a vasopressin V2 receptor small molecule inhibitor in Phase 3 clinical development for the treatment of autosomal dominant polycystic kidney disease (&#8220;ADPKD&#8221;); and ZF874, a small molecule pharmacological chaperone folding corrector of the Z variant of the DNA encoding protein alpha-1-antitrypsin (&#8220;A1AT&#8221;), which is in Phase 1 clinical development for the treatment of A1AT deficiency (&#8220;AATD&#8221;). On or about <span class=\"xn-chron\">May 28, 2021<\/span>, Centessa conducted the IPO, issuing 16.5 million of its ADSs to the public at the price of <span class=\"xn-money\">$20<\/span> per ADS, for proceeds of <span class=\"xn-money\">$306.9 million<\/span> to Centessa after expenses and applicable underwriting discounts.<\/p>\n<p>The <i>Centessa<\/i> class action lawsuit alleges that the Offering Documents and defendants throughout the Class Period failed to disclose that: (i) lixivaptan was less safe than defendants had represented; (ii) defendants overstated lixivaptan&#8217;s clinical and commercial prospects; (iii) ZF874 was less safe than defendants had represented; and (iv) defendants overstated ZF874&#8217;s clinical and commercial prospects while downplaying the drug&#8217;s safety issues.<\/p>\n<p>On <span class=\"xn-chron\">November 1, 2021<\/span>, Centessa announced results from the Phase 1 study evaluating ZF874 in treating AATD, including, among other results, potential safety issues related to increases in liver enzymes alanine aminotransferase (&#8220;ALT&#8221;) and aspartate aminotransferase (&#8220;AST&#8221;) in one of the study subjects. On this news, Centessa&#8217;s ADSs price fell by more than 18%.<\/p>\n<p>Then, on <span class=\"xn-chron\">June 2, 2022<\/span>, Centessa announced &#8220;that it has made the strategic decision to discontinue development of lixivaptan for [ADPKD],&#8221; citing &#8220;a recent observation of [ALT] and [AST] elevations in one subject&#8221; from a Phase 3 study of lixivaptan that was designed to assess liver and non-liver safety in certain subjects. On this news, Centessa&#8217;s ADSs price fell by nearly 28%.<\/p>\n<p>Finally, on <span class=\"xn-chron\">August 10, 2022<\/span>, Centessa announced &#8220;its decision to discontinue development of ZF874 following a recent report of an adverse event (AE) involving elevated liver enzymes (AST\/ALT) in a . . . subject dosed with 5 mg\/kg BID of ZF874 in the Phase 1 study.&#8221; Centessa stated that &#8220;[b]ased on the results observed to date, [Centessa] concluded that ZF874 was unlikely to achieve the desired target product profile.&#8221; On this news, Centessa&#8217;s ADSs price fell by an additional 5.19%, further damaging investors.<\/p>\n<p>\n        <b>THE LEAD PLAINTIFF PROCESS<\/b>: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or otherwise acquired Centessa ADSs pursuant and\/or traceable to the Offering Documents issued in connection with the IPO and\/or Centessa securities during the Class Period to seek appointment as lead plaintiff. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the <i>Centessa<\/i> class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the <i>Centessa<\/i> class action lawsuit. An investor&#8217;s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the <i>Centessa<\/i> class action lawsuit.\u00a0<\/p>\n<p>\n        <b>ABOUT ROBBINS GELLER<\/b>: Robbins Geller is one of the world&#8217;s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly <span class=\"xn-money\">$2 billion<\/span> for investors last year alone \u2013 more than triple the amount recovered by any other plaintiffs&#8217; firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs&#8217; firms in the world, and the Firm&#8217;s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever \u2013 <span class=\"xn-money\">$7.2 billion<\/span> \u2013 in <i>In re Enron Corp. Sec. Litig.<\/i> Please visit the following page for more information:<\/p>\n<p>\n        <b><br \/>\n          <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3664496-1&amp;h=975693044&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fservices-litigation-securities-fraud.html&amp;a=https%3A%2F%2Fwww.rgrdlaw.com%2Fservices-litigation-securities-fraud.html\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.rgrdlaw.com\/services-litigation-securities-fraud.html<\/a><br \/>\n        <\/b>\n      <\/p>\n<p>Attorney advertising.\u00a0<br \/>Past results do not guarantee future outcomes.\u00a0<br \/>Services may be performed by attorneys in any of our offices.\u00a0<\/p>\n<p>Contact:<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Robbins Geller Rudman &amp; Dowd LLP\u00a0<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 655 W. Broadway, Suite 1900, <span class=\"xn-location\">San Diego, CA<\/span> 92101\u00a0<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 J.C. Sanchez, 800-449-4900\u00a0<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <a href=\"mailto:jsanchez@rgrdlaw.com\" target=\"_blank\" rel=\"nofollow noopener\">jsanchez@rgrdlaw.com<\/a>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA89741&amp;sd=2022-10-01\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/investor-alert-centessa-pharmaceuticals-plc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit--cnta-301638193.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/investor-alert-centessa-pharmaceuticals-plc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit&#8211;cnta-301638193.html<\/a><\/p>\n<p>SOURCE  Robbins Geller Rudman &amp; Dowd LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA89741&amp;Transmission_Id=202210011105PR_NEWS_USPR_____LA89741&amp;DateId=20221001\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SAN DIEGO , Oct. 1, 2022 PRNewswire\/ &#8212; The law firm of Robbins Geller Rudman &amp; Dowd LLP announces that purchasers or acquirers of Centessa Pharmaceuticals plc (NASDAQ: CNTA): (i) American Depositary Shares (&#8220;ADSs&#8221;) pursuant and\/or traceable to the Offering Documents issued in connection with Centessa&#8217;s initial public offering conducted on or about May 28, 2021 (the &#8220;IPO&#8221;); and\/or (ii) Centessa securities between May 28, 2021 and June 1, 2022, inclusive (the &#8220;Class Period&#8221;) have until November 28, 2022 to seek appointment as lead plaintiff in the Centessa class action lawsuit. Captioned Fernandes v. Centessa Pharmaceuticals plc, No. 22-cv-07030 (C.D. Cal.), the Centessa class action lawsuit charges Centessa as well as certain of its top executive officers and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-centessa-pharmaceuticals-plc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-cnta\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Centessa Pharmaceuticals plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit &#8211; CNTA&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-690939","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Centessa Pharmaceuticals plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - CNTA - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-centessa-pharmaceuticals-plc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-cnta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Centessa Pharmaceuticals plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - CNTA - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN DIEGO , Oct. 1, 2022 PRNewswire\/ &#8212; The law firm of Robbins Geller Rudman &amp; Dowd LLP announces that purchasers or acquirers of Centessa Pharmaceuticals plc (NASDAQ: CNTA): (i) American Depositary Shares (&#8220;ADSs&#8221;) pursuant and\/or traceable to the Offering Documents issued in connection with Centessa&#8217;s initial public offering conducted on or about May 28, 2021 (the &#8220;IPO&#8221;); and\/or (ii) Centessa securities between May 28, 2021 and June 1, 2022, inclusive (the &#8220;Class Period&#8221;) have until November 28, 2022 to seek appointment as lead plaintiff in the Centessa class action lawsuit. Captioned Fernandes v. Centessa Pharmaceuticals plc, No. 22-cv-07030 (C.D. Cal.), the Centessa class action lawsuit charges Centessa as well as certain of its top executive officers and &hellip; Continue reading &quot;INVESTOR ALERT: Centessa Pharmaceuticals plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit &#8211; CNTA&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-centessa-pharmaceuticals-plc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-cnta\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-01T15:08:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/198876\/robbins_geller_rudman_and_dowd_llp_logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-centessa-pharmaceuticals-plc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-cnta\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-centessa-pharmaceuticals-plc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-cnta\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Centessa Pharmaceuticals plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit &#8211; 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The law firm of Robbins Geller Rudman &amp; Dowd LLP announces that purchasers or acquirers of Centessa Pharmaceuticals plc (NASDAQ: CNTA): (i) American Depositary Shares (&#8220;ADSs&#8221;) pursuant and\/or traceable to the Offering Documents issued in connection with Centessa&#8217;s initial public offering conducted on or about May 28, 2021 (the &#8220;IPO&#8221;); and\/or (ii) Centessa securities between May 28, 2021 and June 1, 2022, inclusive (the &#8220;Class Period&#8221;) have until November 28, 2022 to seek appointment as lead plaintiff in the Centessa class action lawsuit. Captioned Fernandes v. Centessa Pharmaceuticals plc, No. 22-cv-07030 (C.D. Cal.), the Centessa class action lawsuit charges Centessa as well as certain of its top executive officers and &hellip; Continue reading \"INVESTOR ALERT: Centessa Pharmaceuticals plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit &#8211; CNTA\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-centessa-pharmaceuticals-plc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-cnta\/","og_site_name":"Market Newsdesk","article_published_time":"2022-10-01T15:08:06+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/198876\/robbins_geller_rudman_and_dowd_llp_logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-centessa-pharmaceuticals-plc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-cnta\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-centessa-pharmaceuticals-plc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-cnta\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Centessa Pharmaceuticals plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit &#8211; 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