The Law Offices of Frank R. Cruz announces an investigation of Instil Bio, Inc. (“Instil Bio” or the “Company”) (NASDAQ: TIL) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On October 31, 2022, before market hours, Instil Bio announced that it was voluntarily pausing enrollment in ongoing clinical trials due to “a recent decrease in the rate of successful manufacturing of ITIL-168, resulting in the inability to dose some patients whose individual product of ITIL-168 was not successfully manufactured.”
On this news, Instil Bio’s stock fell $1.95, or 37.1%, to close at $3.30 per share on October 31, 2022, thereby injuring investors.
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If you purchased Instil Bio securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20221101006171/en/
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
