Company granted extension to regain compliance with Nasdaq listing requirements
SAN DIEGO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Biora Therapeutics, Inc. (Nasdaq: BIOR), the biotech company reimagining therapeutic delivery, today announced that the company has been granted an extension to regain compliance with Nasdaq listing requirements.
"We shared with Nasdaq the upcoming company catalysts that we believe will drive significant value for shareholders, and we are pleased with their decision to grant us an extension to regain compliance," said Adi Mohanty, Chief Executive Officer of Biora Therapeutics. "We look forward to continuing to achieve milestones in the development of our innovative NaviCap and BioJet therapeutics platforms."
The Nasdaq Hearings Panel granted Biora's request for continued listing on The Nasdaq Stock Market, subject to the company's compliance with the $50 million market value of listed securities rule and $1 bid price requirements for continued listing on The Nasdaq Global Market by November 7, 2024.
About Biora Therapeutics
Biora Therapeutics is a clinical-stage biotech developing two smart pill-based therapeutics platforms: the NaviCap platform for colon-targeted treatment of IBD, designed to improve patient outcomes through treatment at the site of disease in the gastrointestinal tract, and the BioJet platform for oral delivery of large molecules, designed to replace injection with needle-free, oral delivery with minimal changes to standard liquid formulations.
For more information, visit bioratherapeutics.com or follow the company on LinkedIn or X.
Safe Harbor Statement or Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, which statements are subject to substantial risks and uncertainties and are based on estimates and assumptions. All statements, other than statements of historical facts included in this press release, including statements concerning the progress, future expectations and goals of our research and development, preclinical and clinical trial activities, including those involving BT-600 and our NaviCap platform, and upcoming company catalysts, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "envision," "may," "might," "will," "objective," "intend," "should," "could," "can," "would," "expect," "anticipate," "forward," "believe," "design," "estimate," "predict," "projects," "projecting," "potential," "plan," "goal(s)," "target," or the negative of these terms, and similar expressions intended to identify forward-looking statements. These statements reflect our plans, estimates, and expectations as of the date of this press release. These statements involve known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from the forward-looking statements expressed or implied in this press release. Such risks, uncertainties, and other factors include, among others, our ability to innovate in the field of therapeutics, our ability to make future FDA filings and initiate and execute clinical trials on expected timelines or at all, our ability to obtain and maintain regulatory approval or clearance of our products on expected timelines or at all, our plans to research, develop, and commercialize new products, the unpredictable relationship between preclinical study results and clinical study results, our expectations regarding allowed patents or intended grants to result in issued or granted patents, our expectations regarding opportunities with current or future pharmaceutical collaborators or partners, our ability to raise sufficient capital to achieve our business objectives, our ability to maintain our listing on the Nasdaq Global Market, and those risks described in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (SEC) and other subsequent documents, including Quarterly Reports on Form 10-Q, that we file with the SEC.
Biora Therapeutics expressly disclaims any obligation to update any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Investor Contact
Chuck Padala
Managing Director, LifeSci Advisors
IR@bioratherapeutics.com
(646) 627-8390
Media Contact
Liz Robinson
CG Life
lrobinson@cglife.com
取引所の上場要件を回復するための延長を会社に与えました
サンディエゴ、2024年8月28日(グローブニュースワイヤ) - バイオラ・セラピューティクス社(ナスダック:BIOR)は、治療薬の配送を再構築するバイオテック企業であることを宣言し、本日、ナスダックの上場要件を回復するための延長が企業に与えられたことを発表しました。
「当社の株主に重要な価値をもたらすと考える今後の企業の成長戦略をナスダックと共有し、上場要件を回復するための延長を与えられたことに満足しています」とバイオラ・セラピューティクスの最高経営責任者であるアディ・モハンティ氏は述べています。」「私たちは、革新的なNaviCapおよびBioJet治療プラットフォームの開発において、マイルストーンを続けて達成することを楽しみにしています。
ナスダック傍聴パネルは、バイオラの要請を承認し、バイオラが2024年11月7日までにナスダックグローバル市場の上場維持のための$5000万の市場価値の上場証券規則および$1の買気配価格要件に対応することを条件として、ナスダック株式市場への上場を継続します。
バイオラ・セラピューティクスについて
Biora Therapeuticsは、IBDの結腸標的治療用のNaviCapプラットフォームと、消化器管の病変部位での治療によって患者の結果を改善することを設計したBioJetプラットフォームの2つのスマートピルベースの治療プラットフォームを開発中の臨床段階のバイオテック企業です。BioJetプラットフォームでは、大きな分子の経口投与を実現し、標準液体製剤への最小限の変更で注射を不要とすることを設計しています。
詳細については、bioratherapeutics.comをご覧いただくか、LinkedInまたはXで同社をフォローしてください。
免責事項または将来を見据えた声明
バイオラ・セラピューティクスは、法律により求められる以上、新しい情報、将来のイベント、またはその他の理由に基づいて、何らかの前向きの陳述を更新する義務は一切ありません。
投資家関連
チャック・パダラ
株式会社ライフサイアドバイザーズ代表取締役社長
IR@bioratherapeutics.com
(646)627-8390
メディアに関するお問い合わせ
Liz Robinson
CGライフ
lrobinson@cglife.com