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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Portnoy Law: Lawsuit Filed On Behalf of FibroGen, Inc. Investors

April 15, 2021 GMT

Clickhereto join the case

LOS ANGELES, April 15, 2021 (GLOBE NEWSWIRE) --

The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of FibroGen, Inc. (“FibroGen” or “the Company”) (NASDAQ: FGEN) investors that acquired securities between November 8, 2019, and April 6, 2021.

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Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

It is alleged in this complaint that FibroGen issued misleading and/or false statements and/or failed to disclose information pertinent to investors.On April 6, 2021, FibroGen issued a statement providing “clarification of certain prior disclosures of U.S. primary cardiovascular safety analyses from the roxadustat Phase 3 program for the treatment of anemia of chronic kidney disease (‘CKD’).” FibroGen stated that its safety analysis “included post-hoc changes to the stratification factors.” FibroGen also disclosed, based on analyses using the pre-specified stratification factors, that FibroGen “cannot conclude that roxadustat reduces the risk of (or is superior to) MACE+ in dialysis, and MACE and MACE+ in incident dialysis compared to epoetin-alfa.” Shares of FibroGen dropped sharply, based on this news.

Please visit our website to review more information and submit your transaction information.

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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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