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Outlook Therapeutics (formerly Oncobiologics Inc.) – Recovery of Investment Losses

Outlook Therapeutics (formerly Oncobiologics Inc.) - Recovery of Investment Losses, featured by top securities fraud attorneys, The White Law Group

Investigating Potential Claims involving Outlook Therapeutics 

The White Law Group is investigating potential securities claims involving broker-dealers who may have unsuitably recommended Outlook Therapeutics to investors.

Outlook Therapeutics, Inc., (formerly known as Oncobiologics, Inc.) a clinical-stage biopharmaceutical company, reportedly engages in identifying, developing, manufacturing, and commercializing complex biosimilar therapeutics.

Oncobiologics filed a form D to raise capital from investors in 2015. The total offering amount sold was purportedly $31,050,000.

According to a press release on Dec. 01, 2020 the company which has been working to develop the first FDA-approved ophthalmic formulation of bevacizumab for use in retinal indications, announced it has regained compliance with the minimum bid price for continued listing on the Nasdaq Capital Market, as the closing bid price of Outlook Therapeutics’ common stock had been at $1.00 or greater for 10 consecutive trading days. 

Outlook’s shares have declined more than -80% since February 2019, according to MarketWatch.

The problem with pharmaceutical and biotech investments is that they typically involve a high degree of risk. The research and development process for pharma companies often involves costly and lengthy testing trials that yield specific data. If the expected data or end points are not met, that could be bad news for investors.

Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.

If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. Fortunately, FINRA provides an arbitration forum for investors to resolve such disputes.

Recovery of Investment Losses

If you are concerned about your investment in Outlook Therapeutics, you may be able to file a complaint against your brokerage firm. Please contact the securities attorneys at The White Law Group at 1-888-637-5510 for a free consultation. 

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois. The firm represents investors throughout the country in claims against their brokerage firm.

For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.

Tags: Last modified: July 21, 2023