ADMA Biologics Faces Securities Investigation Amid Allegations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy ADMA?
Source: Globenewswire
- Investigation Launched: Rosen Law Firm has announced an investigation into ADMA Biologics for potential securities claims due to allegations of issuing materially misleading business information, which may entitle shareholders to compensation.
- Stock Price Impact: On March 24, 2026, ADMA Biologics' stock plummeted by 16.6% after short seller Culper Research alleged the company engaged in channel stuffing to inflate revenue growth, significantly undermining investor confidence.
- Class Action Preparation: The Rosen Law Firm is preparing a class action to recover investor losses, allowing participation without any upfront fees, thereby lowering the financial barrier for affected investors.
- Firm's Reputation: Rosen Law Firm is recognized for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its strength and experience in handling similar cases.
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Analyst Views on ADMA
About ADMA
ADMA Biologics, Inc. is an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty biologics for the treatment of immunodeficient patients at risk for infection and others at risk for certain infectious diseases. The Company manufactures and markets three United States Food and Drug Administration (FDA)-approved plasma-derived biologics for the treatment of immune deficiencies and the prevention of certain infectious diseases: ASCENIV (immune globulin intravenous, human-slra 10% liquid) for the treatment of primary humoral immunodeficiency (PI); BIVIGAM (immune globulin intravenous, human) for the treatment of PI; and NABI-HB (hepatitis B immune globulin, human) to provide enhanced immunity against the hepatitis B virus. Through its ADMA BioCenters subsidiary, the Company also operates as an FDA-approved source plasma collector in the United States, which provides its blood plasma for the manufacture of its products.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Investigation Launched: Rosen Law Firm has announced an investigation into ADMA Biologics for potential securities claims due to allegations of issuing materially misleading business information, which may entitle shareholders to compensation.
- Stock Price Impact: On March 24, 2026, ADMA Biologics' stock plummeted by 16.6% after short seller Culper Research alleged the company engaged in channel stuffing to inflate revenue growth, significantly undermining investor confidence.
- Class Action Preparation: The Rosen Law Firm is preparing a class action to recover investor losses, allowing participation without any upfront fees, thereby lowering the financial barrier for affected investors.
- Firm's Reputation: Rosen Law Firm is recognized for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its strength and experience in handling similar cases.
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- Investigation Announcement: Bleichmar Fonti & Auld LLP has initiated an investigation into ADMA Biologics for potential violations of federal securities laws, as allegations arise that the reported 20% revenue growth in 2025 may have been artificially inflated through channel stuffing, indicating serious concerns about the company's financial transparency.
- Revenue Growth Scrutiny: A report by Culper Research claims that ADMA induced a distributor to stockpile ASCENIV by offering rebates and extended payment terms, which allegedly allowed the company to book revenue that was not genuinely realized; without this scheme, the company would have faced a 3% revenue decline in 2025, severely impacting investor confidence.
- Stock Price Plunge: Following the investigation and the report's findings, ADMA Biologics' stock price plummeted by 29% over two trading days, falling from $13.59 per share on March 23 to $9.63 per share on March 25, reflecting market concerns regarding the company's financial health and future prospects.
- Legal Options for Investors: Investors are encouraged to submit their information for legal assistance, with BFA offering representation on a contingency fee basis, indicating strong support for affected shareholders and potentially leading to increased legal actions seeking compensation.
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- Stock Price Plunge: ADMA Biologics shares fell over 16% on March 24, 2026, following a report from short seller Culper Research that revealed issues of channel stuffing and undisclosed related party distributors, severely undermining investor confidence.
- Investigation Launched: Hagens Berman has initiated an investigation into ADMA to determine potential violations of federal securities laws, particularly regarding the compliance of its financial reporting, which could impact the company's future legal liabilities and financial stability.
- Accounts Receivable Surge: The report highlighted a dramatic increase in ADMA's days sales outstanding (DSO) to 113 days as of December 31, 2025, up 70 days from the previous year, indicating risks of artificially inflating revenue through rebates and extended payment terms.
- Market Reaction: Following the report, ADMA's stock price swiftly declined, and analysts downgraded their ratings from overweight to neutral, reflecting serious market concerns about the company's financial health, potentially leading to further investor sell-offs.
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- Securities Claims Investigation: Rosen Law Firm announces an investigation into ADMA Biologics for potentially issuing materially misleading business information, indicating that shareholders may be entitled to compensation if they purchased the company's securities.
- Stock Price Impact: On March 24, 2026, ADMA Biologics shares plummeted by 16.6% after short seller Culper Research alleged the company engaged in channel stuffing to inflate revenue, significantly undermining investor confidence.
- Class Action Preparation: The Rosen Law Firm is preparing a class action to recover investor losses, with no out-of-pocket fees required from investors, highlighting the firm's commitment to protecting shareholder rights.
- Firm's Track Record: Rosen Law Firm is renowned for its success in securities class actions, having recovered over $438 million for investors in 2019 alone, showcasing its expertise and experience in handling such cases.
See More
- Investigation Launched: The Law Offices of Howard G. Smith are investigating ADMA Biologics for potential violations of federal securities laws, aiming to assist investors in recovering losses, highlighting serious concerns regarding the company's compliance.
- Allegations Reported: On March 24, 2026, Culper Research published a report accusing ADMA of 'channel stuffing' and undisclosed related party distributors, with actual growth in 2025 reported at -3% compared to +20%, revealing significant risks of financial misrepresentation.
- Executive Testimonies: The report noted that two high-level employees from one of ADMA's largest distributors independently confirmed that starting in 2025, ADMA induced the distributor to stock excess ASCENIV by offering rebates and extended payment terms, leading to inflated revenue reporting that harmed investor interests.
- Stock Price Plummet: Following the news, ADMA's stock price fell by $3.96, or 29.1%, over two consecutive trading days, closing at $9.63 per share, directly impacting investor asset values and reflecting a crisis of trust in the company's financial transparency.
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- Investigation Reasons: Bleichmar Fonti & Auld LLP is investigating ADMA Biologics for potential violations of federal securities laws, as allegations arise that the company falsely reported a 20% revenue growth in 2025 through a channel stuffing scheme to mask declining demand.
- False Revenue Claims: A report by Culper Research revealed that ADMA Biologics allegedly induced a distributor to stockpile ASCENIV by offering rebates and extended payment terms, which allowed the company to report growth that was not actually present, with a potential revenue decline of 3% instead of the reported growth.
- Stock Price Plummet: This news resulted in a 29% drop in ADMA Biologics' stock price over two trading days, falling from $13.59 per share on March 23, 2026, to $9.63 per share on March 25, 2026, indicating significant market concerns regarding the company's financial health.
- Legal Options for Investors: Investors are encouraged to contact BFA for potential legal options, as the firm offers contingency fee representation, ensuring shareholders are not responsible for litigation costs, which underscores their commitment to protecting investor rights.
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