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Press release content from Business Wire. The AP news staff was not involved in its creation.

PTE Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies PolarityTE, Inc. Shareholders of Class Action and Encourages Investors to Contact the Firm

October 7, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Oct 7, 2021--

Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against PolarityTE, Inc. (“PolarityTE” or the “Company”) (NASDAQ: PTE) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired PolarityTE securities between April 30, 2020 and August 23, 2021, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/pte.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

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The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts and failed to disclose to investors that: (1) the SkinTE IND was deficient with respect to certain Chemistry, Manufacturing, and Control items; (2) as a result, it was unlikely that the FDA would approve the SkinTE IND in its current form; (3) accordingly, the Company had materially overstated the likelihood that the SkinTE IND would obtain FDA approval; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site:www.bgandg.com/pteor you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in PolarityTE you have until November 23, 2021, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20211007005011/en/

CONTACT: Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Yael Nathanson

212-697-6484 |info@bgandg.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Bronstein, Gewirtz & Grossman, LLC

Copyright Business Wire 2021.

PUB: 10/07/2021 11:00 AM/DISC: 10/07/2021 11:02 AM

http://www.businesswire.com/news/home/20211007005011/en