Opexa Therapeutics Regains Compliance with NASDAQ Minimum Bid Price Listing Requirement
October 15 2015 - 8:00AM
Business Wire
Opexa Therapeutics, Inc. (NASDAQ:OPXA), a
biopharmaceutical company developing personalized immunotherapies
for autoimmune disorders including multiple sclerosis (MS) and
neuromyelitis optica (NMO), today announced that it has received a
letter from The NASDAQ Stock Market LLC notifying the Company that
it has regained full compliance with the NASDAQ Capital Market's
minimum bid price continued listing requirement.
The letter noted that as of October 12, 2015, the Company
evidenced a closing bid price of its common stock in excess of the
$1.00 minimum requirement for at least ten consecutive trading
days. Accordingly, the Company has regained compliance with NASDAQ
Marketplace Rule 5550(a)(2) and NASDAQ considers the matter
closed.
About Opexa
Opexa is a biopharmaceutical company developing a personalized
immunotherapy with the potential to treat major illnesses,
including multiple sclerosis (MS) as well as other autoimmune
diseases such as neuromyelitis optica (NMO). These therapies are
based on Opexa’s proprietary T-cell technology. The Company’s
leading therapy candidate, Tcelna®, is a personalized T-cell
immunotherapy that is in a Phase IIb clinical development program
(the Abili-T trial) for the treatment of secondary progressive MS.
Tcelna consists of myelin-reactive T-cells, which are expanded ex
vivo from the patient’s peripheral blood and reintroduced into the
patient in an attenuated form via subcutaneous injections. This
process triggers a potent immune response against specific subsets
of autoreactive T-cells known to attack myelin for each individual
patient.
For more information, visit the Opexa Therapeutics website at
www.opexatherapeutics.com or follow company news on Twitter via
@OpexaCEO.
Cautionary Statement Relating to Forward-Looking Information
for the Purpose of "Safe Harbor" Provisions of the Private
Securities Litigation Reform Act of 1995
Statements contained in this release, other than statements of
historical fact, constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
The words "expects," "believes," "may," "intends," "potential" and
similar expressions are intended to identify forward-looking
statements. These forward-looking statements do not constitute
guarantees of future performance. Investors are cautioned that
forward-looking statements, including without limitation statements
regarding the safety, efficacy and projected development timeline
of drug candidates such as Tcelna® and OPX-212 constitute
forward-looking statements. These forward-looking statements are
based upon our current expectations and involve assumptions that
may never materialize or may prove to be incorrect. Actual results
and the timing of events could differ materially from those
anticipated in such forward-looking statements as a result of
various risks and uncertainties, which include without limitation
our ability to raise additional capital to continue our development
programs, our ability to successfully develop potential products
such as Tcelna and OPX-212, our ability to obtain, maintain and
protect intellectual property rights (including for Tcelna and
OPX-212), as well as other risks associated with the process of
discovering, developing and commercializing drug candidates that
are safe and effective for use as human therapeutics. These and
other risks are described in detail in our SEC filings, including
our Annual Report on Form 10-K for the year ended December 31, 2014
and our Quarterly Report on Form 10-Q for the quarter ended June
30, 2015. All forward-looking statements contained in this release
speak only as of the date on which they were first made by us, and
we undertake no obligation to update such statements to reflect
events that occur or circumstances that exist after such date.
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version on businesswire.com: http://www.businesswire.com/news/home/20151015005412/en/
Opexa Therapeutics, Inc.Karthik Radhakrishnan, 281-775-0600Chief
Financial Officer
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