ADC Therapeutics faces fraud investigation
Analysis based on 7 articles · First reported Jun 11, 2026 · Last updated Jun 28, 2026
The market is negatively impacted by the significant drop in ADC Therapeutics' stock price, reflecting investor concern over the efficacy and safety of Loncastuximab tesirine. This event highlights the risks associated with pharmaceutical trials and potential securities fraud, leading to increased scrutiny on similar companies in the biotechnology sector.
Pomerantz LLP is investigating ADC Therapeutics for securities fraud following a substantial drop in its stock price. This decline occurred after ADC Therapeutics announced disappointing topline data from its Phase 3 LOTIS-5 trial for Loncastuximab tesirine, which showed a higher death rate in the Loncastuximab tesirine arm compared to the immunotherapy arm, despite extending progression-free survival by 1.4 months. The stock fell by 66.56% over two trading sessions, prompting the law firm to investigate whether ADC Therapeutics and its officers engaged in unlawful business practices.
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