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Assessing claims of misstatements about COVID-19 vaccine approval

Case study

Keystone experts supported clinical-stage biotechnology company in DNA vaccine shareholder lawsuit.

Overview
Challenge

Shareholders filed a class-action lawsuit against a biotechnology company that focuses on the discovery, development and commercialization of synthetic DNA products for treating cancers and infectious diseases. The lawsuit alleged that the company made false and misleading statements concerning the development of a COVID-19 vaccine.

Shareholders specifically claimed that the company misrepresented the vaccine development schedule, production capacity and regulatory approval timeline.

Client
Solution

Keystone analysis and experts

Keystone supported the biotech company's legal team with experts who analyzed and responded to the different legal complaints.

Keystone experts
Suzanne Sensabaugh
Suzanne Sensabaugh
Former-FDA
Developed vaccine manufacturing primer, and assessed trial progress and FDA communications to show planned progress lined up with reasonable expectations.
Barry Rosenblatt
Barry Rosenblatt
PhD
Analyzed agreements with drug manufacturing partners to demonstrate the validity of public statements and press releases.
Gerard Cunningham
Gerard Cunningham
MBA, M.Eng
Outlined vaccine funding landscape and explained company's reasonable projected timeline for deploying funds.
Kenneth Froot
Kenneth Froot
Harvard Business School
Analyzed company’s trades, broker communications, and press releases to demonstrate that there was not an intent to defraud investors.
Case Studies
Contact

To learn more about this case or Keystone’s expertise in Healthcare and Life Sciences litigation and strategy, contact science@keystone.com.

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