ADMA Biologics Stock Drops on Fraud Claims
Analysis based on 8 articles · First reported May 01, 2026 · Last updated May 13, 2026
The market is impacted by the significant stock drop of ADMA Biologics, reflecting investor concern over alleged securities fraud and channel stuffing. This event highlights the risks associated with financial reporting irregularities and could lead to a class-action lawsuit, affecting shareholder confidence in ADMA Biologics.
ADMA Biologics is under investigation by Bleichmar Fonti & Auld LLP for potential securities fraud. This follows a report by Culper Research on March 24, 2026, alleging that ADMA Biologics engaged in a 'channel stuffing' scheme in 2025. The report claims that ADMA Biologics induced a distributor to stock excess ASCENIV through rebates and extended payment terms, artificially inflating its reported 20% revenue growth for 2025. Culper Research suggests that without this alleged scheme, ADMA Biologics would have seen a 3% revenue decline. Following this news, ADMA Biologics' stock price plummeted by 29%, or $3.96 per share, over two trading days from March 23 to March 25, 2026. Bleichmar Fonti & Auld LLP is encouraging investors who suffered losses to seek legal options.
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