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Robbins Geller Rudman & Dowd LLP Announces a Securities Case Has Been Filed on Behalf of Purchasers of PolarityTE Common Stock

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Robbins
Geller Rudman & Dowd LLP
announces that a securities class
action case was filed on behalf of purchasers of PolarityTE, Inc.
(NASDAQ:COOL) securities between March 31, 2017 and June 22, 2018 (the
"Class Period"). This action was filed in the U.S. District Court for
the District of Utah, is captioned Moreno v. PolarityTE, Inc.,
No. 2:18-cv-00510, and is assigned to Judge Parrish.

The Private Securities Litigation Reform Act of 1995 permits any
investor who purchased PolarityTE securities during the Class Period to
seek appointment as lead plaintiff. A lead plaintiff acts on behalf of
all other class members in directing the litigation. The lead plaintiff
can select a law firm of its choice. An investor's ability to share in
any potential future recovery is not dependent upon serving as lead
plaintiff. If you wish to serve as lead plaintiff or have questions
concerning your rights, please contact Dave
Walton
of Robbins Geller at 800/449-4900 or 619/231-1058, or via
e-mail at djr@rgrdlaw.com. Lead
plaintiff motions must be filed with the court no later than 60 days
from June 27, 2018.

The complaint charges PolarityTE and certain of its officers and
directors with violations of the Securities Exchange Act of 1934 by
issuing materially false and misleading statements and/or failing to
disclose adverse facts about the Company's business, operations, and
prospects, including information about the status of patent application
14/954,335 at the time it was acquired by the Company on April 7, 2017
and the months following, and the updated status of patent application
14/954,335 after its June 4, 2018 final rejection by the U.S. Patent &
Trademark Office ("USPTO"). On April 7, 2017, the Company announced the
closing of a transaction pursuant to which Polarity NV became a wholly
owned subsidiary of PolarityTE. Polarity NV was the owner of a novel
regenerative medicine and tissue engineering platform developed by
defendant Denver Lough, the Company's CEO, Chief Scientific Officer and
Chairman of the Board, under patent application 14/954,335, "Methods for
Development and Use of Minimally Polarized Function Cell Micro-Aggregate
Units in Tissue Applications Using LGR4, LGR5 and LGR6 Expressing
Epithelial Stem Cells." In connection with the transaction, the Company
issued Lough 7,050 shares of Series E Convertible Preferred Stock
convertible into 7,050,000 shares of the Company's common stock, or
40.95% of the Company's issued and outstanding shares. As a result of
this adverse material information being concealed from the market, the
price of PolarityTE shares was artificially inflated during the Class
Period to an intraday high of more than $40 per share.

On June 25, 2018, Citron Research issued a report detailing the
Company's track record of material misrepresentations, misstatements and
omissions pertaining to the status of patent application 14/954,335. The
Citron report noted that as far back as March 31, 2017, the USPTO had
notified the Company of its non-final rejection of patent application
14/954,335. The Citron report highlighted the Company's subsequent
failure to disclose the patent's non-final rejection status and its
continued representation of the technology linked to the patent in a
positive light. The report also disclosed that the USPTO had issued a
final rejection of the patent on June 4, 2018, which the Company also
failed to disclose. On this news, the price of PolarityTE stock fell
over 31% to close at $26.41 per share on June 26, 2018.

Robbins Geller is one of the world's leading law firms representing
investors in securities litigation. With 200 lawyers in 10 offices,
Robbins Geller has obtained many of the largest securities class action
recoveries in history. For five consecutive years, ISS Securities Class
Action Services has ranked the Firm in its annual SCAS Top 50 Report as
one of the top law firms in both the amount recovered for shareholders
and the total number of class action settlements. Robbins Geller
attorneys have helped shape the securities laws and recovered tens of
billions of dollars on behalf of aggrieved victims. Beyond securing
financial recoveries for defrauded investors, Robbins Geller also
specializes in implementing corporate governance reforms, helping to
improve the financial markets for investors worldwide. Please visit http://www.rgrdlaw.com
for more information.

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