Investigation announced for long-term Investors in shares of Sana Biotechnology, Inc. (NASDAQ: SANA) over potential Wrongdoing

An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Sana Biotechnology, Inc.

Investors who are current long term investors in Sana Biotechnology, Inc. (NASDAQ: SANA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: SANA stocks follows a lawsuit filed against Sana Biotechnology, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SANA stocks, concerns whether certain Sana Biotechnology, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Western District of Washington the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that Sana Biotechnology, Inc. was at significant risk of having insufficient funds to maintain its current operations and advance one or more of its product candidates, that SC291 in oncology, SC379, and SG299 were less promising than Defendants had led investors to believe, that in order to preserve cash and advance its more promising product candidates, Sana Biotechnology, Inc. was likely to decrease funding for and/or discontinue SC291 in oncology, SC379, and SG299, as well as significantly reduce its headcount, that accordingly, Defendants overstated Sana Biotechnology, Inc. 's financial capacity to maintain its current operations and advance its existing product candidates, and that as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of Sana Biotechnology, Inc. (NASDAQ: SANA) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.