Pomerantz LLP is investigating Foghorn Therapeutics for potential securities fraud following the company's announcement to stop advancing its FHD-909 drug program and cut 40% of its workforce. This decision caused Foghorn's stock to drop nearly 31% on October 2, 2026. The investigation focuses on whether Foghorn and its executives engaged in unlawful business practices. The company is now prioritizing other proprietary programs and aims to fund these through mid-2029.
The story concerns Foghorn Therapeutics Inc. For readers following the health sector, here is Pluang's market snapshot as of Nov 11, 2026 04:52 WIB: out of 150 priced health-sector US stocks, 49 rose and 100 fell. Ionis Pharmaceuticals Inc. (IONS) traded at USD 28.25 with a 1-day change of -8.87%, while Tango Therapeutics Inc. (TNGX) was priced at USD 24.60, up 8.18% for the day.
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