Gritstone bio Agreed to Settle With Investors over COVID Vaccine Trial Delay and Funding Issues

Hey guys, if you missed it, **Gritstone bio just settled** with investors over allegations it misled the market about the timing of its CORAL Phase 2b study, related BARDA funding, and its financial outlook. And **they have already sent the agreement to the court for final approval.**

In a nutshell, in 2024, Gritstone bio was accused of misleading investors about the expected launch timing of its BARDA-funded COVID vaccine study and the company’s access to outside funding. In short, the company repeatedly said the Phase 2b study would begin in Q1 2024, but later delayed it to Fall 2024 and then announced a 40% workforce reduction after revealing the delay impacted expected funding.

After this news came out, **$GRTS dropped 28%,** and investors filed a lawsuit for their losses.

The good news is that the company recently agreed to settle with them, and already sent this agreement to the court for final approval. So, if you invested in $GRTS when all of this happened, you can check the details and [**file your claim here.**](https://11th.com/cases/gritstone-investor-settlement)

Anyway, has anyone here invested in $GRTS at that time? How much were your losses, if so?