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Investigation launched into Sellas Life Sciences over delayed clinical trial results and stock drop

Market News
01 Oct 2026
PRNewsWire
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Bearish
Investigation launched into Sellas Life Sciences over delayed clinical trial results and stock drop

Pomerantz LLP is investigating Sellas Life Sciences Group and some of its officers for possible securities fraud after the company delayed releasing results from a key phase 3 clinical trial for its drug Galinpepimut-S. The trial reached a critical event with the 80th patient death on August 28, 2026, which should have triggered result disclosure, but Sellas did not release the data as expected. Following this news, Sellas's stock price dropped 13.15% to $13.21. The investigation aims to determine if the company engaged in unlawful business practices, with potential class action participation available for investors.

The investigation into Sellas Life Sciences Group provides context for health sector activity on Pluang. Of 100 priced health-sector US stocks, 30 rose and 67 fell today. Notable movers include NUWE at USD 0.76 with a 5.53% gain, MCK at USD 897.98 up 5.17%, and CLPT at USD 11.64 down 4.67%, as of Oct 01, 2026 20:52 WIB.

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