The Law Offices of Frank R. Cruz Investigates Gritstone bio, Inc. (GRTS) for Potential Securities Violations

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The Law Offices of Frank R. Cruz has launched an investigation into Gritstone bio, Inc. (NASDAQ: GRTS) on behalf of investors regarding possible breaches of federal securities laws. Shareholders who have experienced losses are encouraged to participate in the investigation.

Gritstone recently announced a delay in the launch of its COVID-19 vaccine study, known as the Phase 2b CORAL Study. Initially scheduled for the first quarter of 2024, the study has been pushed back to Fall 2024 to ensure the use of fully GMP-grade raw materials in the vaccine, ultimately enhancing its regulatory utility.

In a subsequent announcement, Gritstone revealed that it would be reducing its workforce by approximately 40%. This decision was attributed to the delayed CORAL Phase 2b study, which prevented the company from receiving expected external funding that was intended to support the initiation of the study in the first quarter of 2024.

Following these updates, Gritstone’s stock price experienced a significant decline of 27.9%, equivalent to $0.78 per share, resulting in financial losses for investors. This prompted The Law Offices of Frank R. Cruz to initiate an investigation into the matter to protect the rights and interests of affected shareholders.

To stay updated on the latest developments regarding this investigation, follow The Law Offices of Frank R. Cruz on Twitter at twitter.com/FRC_LAW.

If you have purchased Gritstone securities, possess relevant information, or have any inquiries regarding this investigation, please reach out to Frank R. Cruz at The Law Offices of Frank R. Cruz. Contact details include: 2121 Avenue of the Stars, Suite 800, Century City, California 90067, phone: 310-914-5007, email: [email protected], and website: www.frankcruzlaw.com. If contacting through email, ensure to provide your mailing address, telephone number, and the number of shares you purchased.

Please note that in certain jurisdictions, this press release may be considered Attorney Advertising based on applicable laws and ethical rules.

The Law Offices of Frank R. Cruz, based in Los Angeles, California, can be reached at 310-914-5007 or via email at [email protected]. Additional information can be found on their website: www.frankcruzlaw.com.

Source: [Business Wire](https://www.businesswire.com/news/home/20240611790667/en/)

The article discusses the investigation launched by The Law Offices of Frank R. Cruz into Gritstone bio, Inc. for potential securities violations. The investigation is aimed at addressing possible breaches of federal securities laws, and shareholders who have experienced losses are encouraged to participate.

One of the key developments mentioned in the article is the delay in the launch of Gritstone’s COVID-19 vaccine study, known as the Phase 2b CORAL Study. Originally scheduled for the first quarter of 2024, the study has been pushed back to Fall 2024. This delay is attributed to the company’s decision to ensure the use of fully GMP-grade raw materials in the vaccine, which is expected to enhance its regulatory utility.

Another significant update is that Gritstone has announced a workforce reduction of approximately 40%. This decision is a result of the delayed CORAL Phase 2b study, which prevented the company from receiving expected external funding intended to support the study’s initiation.

These updates have had a negative impact on Gritstone’s stock price, leading to a decline of 27.9%, equivalent to $0.78 per share. This decline has resulted in financial losses for investors, thereby prompting The Law Offices of Frank R. Cruz to initiate an investigation to protect the rights and interests of affected shareholders.

It is important to note that in certain jurisdictions, this press release may be considered Attorney Advertising based on applicable laws and ethical rules.

Some relevant discussion points that could be added to the article include the current market trends in the biotech sector and the impact of COVID-19 on vaccine development and clinical trials. Additionally, forecasts for the future performance of Gritstone bio, Inc. and the potential implications of the investigation on the company’s reputation and stock price can be included.

An identified key challenge associated with the subject is the delayed launch of the COVID-19 vaccine study, which is crucial for Gritstone’s future prospects and competitive position in the market. This delay may hinder the company’s ability to attract funding and maintain investor confidence.

While The Law Offices of Frank R. Cruz is taking action to protect the rights of affected shareholders, it is worth noting that the investigation is ongoing, and the outcome and potential consequences for Gritstone bio, Inc. are yet to be determined.

For more information about the investigation and to stay updated on the latest developments, interested parties can follow The Law Offices of Frank R. Cruz on Twitter at [twitter.com/FRC_LAW](https://twitter.com/FRC_LAW). Contact details for Frank R. Cruz and The Law Offices of Frank R. Cruz are provided in the article, including the phone number, email address, and website for inquiries and communication.

Sources:
– [Business Wire](https://www.businesswire.com/news/home/20240611790667/en/)
– [The Law Offices of Frank R. Cruz](https://www.frankcruzlaw.com/)