SHAREHOLDER ALERT: Holzer & Holzer Announces a Class Action Was Filed on Behalf of Humanigen (HGEN) Investors and Encourages Investors With Significant Losses to Contact the Firm

Atlanta, Georgia--(Newsfile Corp. - September 22, 2022) - Holzer & Holzer, LLC informs investors that a class action lawsuit was filed against Humanigen, Inc. ("Humanigen" or the "Company") (NASDAQ: HGEN). The lawsuit alleges Humanigen made materially false and misleading statements and/or failed to disclose that: (1) its product, lenzilumab, was less effective in treating hospitalized COVID-19 patients than the Company had represented; (2) as a result, the FDA was unlikely to approve an emergency use authorization for lenzilumab and the ACTIV-5/BET-B study was unlikely to meet its primary endpoint; (3) accordingly, lenzilumab's clinical and commercial prospects were overstated.

If you bought shares of Humanigen between May 28, 2021 to July 12, 2022, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm's website at https://holzerlaw.com/case/humanigen/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is October 25, 2022.

Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, https://holzerlaw.com/ and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.

CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138109