The Schall Law Firm, a national firm specializing in shareholder rights litigation, has announced a class action lawsuit against Sana Biotechnology, Inc. (“Sana” or “the Company”) SANA. The lawsuit alleges violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Rule 10b-5 established by the U.S. Securities and Exchange Commission.

Investors who acquired the Company’s securities between March 17, 2023, and November 4, 2024, inclusive (the “Class Period”), should reach out to the firm before May 20, 2025.

If you believe you have suffered a loss as a shareholder, you can click here to participate in the class action.

For support, contact Brian Schall of the Schall Law Firm at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, by phone at 310-301-3335, or via the firm’s website at www.schallfirm.com. Email inquiries can be directed to [email protected].

Please note that the class in this lawsuit has not yet been certified. Until certification takes place, you do not have legal representation. If you opt to take no action, you will remain an absent class member.

The Complaint asserts that Sana made false and misleading statements to investors. Specifically, it claims that the Company faced considerable risks concerning insufficient funding to sustain its operations while pursuing one or more product candidates. Several of those candidates were not as promising as represented to investors. Consequently, the Company was likely to reduce funding or discontinue several projects and cut its workforce to conserve cash for its most viable candidates. Thus, the Company’s public statements were deemed inaccurate and materially misleading throughout the class period. The truth about Sana’s situation led to investor losses.

Join the case to seek compensation for your losses.

The Schall Law Firm represents investors globally and has a comprehensive focus on securities class action lawsuits and shareholder rights litigation.

This announcement may qualify as Attorney Advertising in particular jurisdictions under applicable laws and ethics rules.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20250323314919/en/

The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com

Office: 310-301-3335

[email protected]