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Replimune faces securities fraud probe after FDA rejects melanoma drug application, stock plunges 64%.

Market News
07 May 2026
PRNewsWire
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Bearish
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Replimune Group is under investigation by Pomerantz LLP for potential securities fraud following the FDA's rejection of its Biologics License Application for a melanoma treatment. The FDA disagreed with the company over the sufficiency of data supporting the drug RP1 combined with nivolumab. This news caused Replimune's stock to drop sharply by 64.29%, closing at $1.70 per share. The investigation aims to determine if the company or its officers engaged in unlawful business practices, with affected investors encouraged to join a class action lawsuit.

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