PainReform Regains Compliance with Nasdaq Continued Listing Requirements
19 7월 2023 - 10:00PM
PainReform Ltd. (Nasdaq: PRFX) ("
PainReform" or
the "Company"), a clinical-stage specialty pharmaceutical company
focused on the reformulation of established therapeutics, today
announced that the Company received notice from Nasdaq on July 18,
2023, indicating that it has regained compliance with the minimum
bid price requirement under Nasdaq Rules 5550(a)(2).
Ilan Hadar, Chief Executive Officer of
PainReform, stated, “We are pleased to have regained compliance
with the Nasdaq continued listing requirements given the
credibility and visibility that our listing provides. At the same
time, we have significantly enhanced our balance sheet and are
advancing the second part of our Phase 3 trial evaluating the
analgesic efficacy and safety of intra-operative administration of
PRF-110 following surgery. Based on the clinical results to date,
we believe PRF-110 holds promise in terms of reducing the frequency
of opiate use following surgical procedures, which has contributed
to the national and global opioid epidemic.”
About PainReform
PainReform is a clinical-stage specialty
pharmaceutical company focused on the reformulation of established
therapeutics. PRF-110, the Company's lead product, is based on the
local anesthetic ropivacaine, targeting the postoperative pain
relief market. PRF-110 is an oil-based, viscous, clear solution
that is deposited directly into the surgical wound bed prior to
closure to provide localized and extended postoperative analgesia.
The Company's proprietary extended-release drug-delivery system is
designed to provide an extended period of post-surgical pain relief
without the need for repeated dose administration while reducing
the potential need for the use of opiates. For more information,
please visit www.painreform.com.
Notice Regarding Forward-Looking
StatementsThis press release contains forward-looking
statements about our expectations, beliefs and intentions.
Forward-looking statements can be identified by the use of
forward-looking words such as "believe", "expect", "intend",
"plan", "may", "should", "could", "might", "seek", "target",
"will", "project", "forecast", "continue" or "anticipate" or their
negatives or variations of these words or other comparable words or
by the fact that these statements do not relate strictly to
historical matters. These forward-looking statements are based on
assumptions and assessments made in light of management's
experience and perception of historical trends, current conditions,
expected future developments and other factors believed to be
appropriate. Forward-looking statements in this press release are
made as of the date of this press release, and we undertake no duty
to update or revise any such statements, whether as a result of new
information, future events or otherwise. Forward-looking statements
are not guarantees of future performance and are subject to risks
and uncertainties, many of which are outside of our control. Many
factors could cause our actual activities or results to differ
materially from the activities and results anticipated in forward-
looking statements, including, but not limited to, the following:
our ability to continue as a going concern, our history of losses,
our need to raise additional capital and our ability to obtain
additional capital on acceptable terms, or at all; our dependence
on the success of our initial product candidate, PRF-110; the
outcomes of preclinical studies, clinical trials and other research
regarding PRF-110 and future product candidates; the impact of the
COVID-19 pandemic on our operations; our limited experience
managing clinical trials; our ability to retain key personnel and
recruit additional employees; our reliance on third parties for the
conduct of clinical trials, product manufacturing and development;
the impact of competition and new technologies; our ability to
comply with regulatory requirements relating to the development and
marketing of our product candidates; our ability to establish and
maintain strategic partnerships and other corporate collaborations;
the implementation of our business model and strategic plans for
our business and product candidates; the scope of protection we are
able to establish and maintain for intellectual property rights and
our ability to operate our business without infringing the
intellectual property rights of others; the overall global economic
environment; our ability to develop an active trading market for
our ordinary shares and whether the market price of our ordinary
shares is volatile; and statements as to the impact of the
political and security situation in Israel on our business. More
detailed information about the risks and uncertainties affecting us
is contained under the heading "Risk Factors" included in the
Company's most recent Annual Report on Form 20-F and in other
filings that we have made and may make with the Securities and
Exchange Commission in the future.
Contact:
Crescendo Communications, LLCTel:
212-671-1021Email: prfx@crescendo-ir.com
Ilan HadarChief Executive OfficerPainReform
Ltd.Tel: +972-54-5331725Email: ihadar@painreform.com
PainReform (NASDAQ:PRFX)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
PainReform (NASDAQ:PRFX)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024