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Celcuity faces investigation after FDA approval delays cause 17.6% stock drop

Market News
30 Jul 2026
PRNewsWire
View Source
Bearish
pluang ai news

Celcuity Inc. is under investigation by Pomerantz LLP for possible securities fraud following a delayed commercial launch announcement of its breast cancer drug Revtorpyk. The FDA approved the drug, but the launch was pushed to late Q3 2026, later than analysts expected, causing the stock to fall 17.6% on July 15, 2026. This delay and the subsequent stock drop have raised concerns about the company's disclosures and business practices. Investors are advised to contact Pomerantz LLP if they believe they were affected.

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