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Grace Therapeutics faces investigation after FDA rejects drug application, stock drops 45%.

Market News
14 May 2026
PRNewsWire
View Source
Bearish
pluang ai news

Grace Therapeutics announced that the FDA issued a Complete Response Letter rejecting its New Drug Application for GTx-104, citing issues with product packaging, toxicology assessments, and manufacturing. Following this, the company's stock price plunged 45.48% to $2.35 per share. Pomerantz LLP is investigating whether Grace and its executives engaged in securities fraud or unlawful business practices related to this matter. Investors affected are encouraged to contact the law firm for potential class action participation.

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