SAN DIEGO, Oct. 12, 2023 (GLOBE NEWSWIRE) — Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Morphic Holding, Inc. (NASDAQ: MORF) focused on whether Morphic as well as certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.
If you have information that could assist in this investigation or if you are a Morphic investor who suffered a loss and would like to learn more, you can provide your information here:
THE COMPANY: Morphic is a biopharmaceutical company developing a portfolio of oral integrin therapies for the treatment of serious chronic diseases, including autoimmune, cardiovascular, and metabolic diseases, fibrosis, and cancer.
THE REVELATION: On September 22, 2023, Morphic released abstract data from its EMERALD-1 Phase 2a trial for its MORF-057 drug, revealing that “endoscopic improvement was achieved in 25.7% of patients.” Following this news, the price of Morphic stock declined.
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