Xcorporeal, Inc. Reports That Its Common Stock is Now Trading on Pink Sheets under Symbol “XCRP” As a Result of Being Del...
04 9월 2009 - 9:30PM
Business Wire
Xcorporeal, Inc. (Pink Sheets: XCRP) (the “Company” or
“Xcorporeal”) announced that, effective as of today, the Company’s
common stock commenced trading on the Pink Sheets Electronic OTC
Market, an inter-dealer electronic quotation service for securities
traded over-the-counter also known as the Pink Sheets, under the
symbol “XCRP”. For more information about this service, please see
www.pinksheets.com. The Company intends to continue to make
financial information available on a regular basis in accordance
with the rules and regulations of the U.S. Securities and Exchange
Commission.
In addition, effective as of today’s date, pursuant to the terms
of the letter received from NYSE Amex LLC (formerly American Stock
Exchange, “Amex”) on August 20, 2009, the Company’s common stock
has been suspended from trading on Amex. The Company may seek in
the future to have its common stock traded on the OTC Bulletin
Board, but there can be no assurance that it will be successful in
such efforts.
About Xcorporeal, Inc.
Xcorporeal is a medical device company developing an innovative
extra-corporeal platform technology to be used in devices to
replace the function of various human organs. The platform leads to
three initial products: a Portable Artificial Kidney (PAK) for
attended care Renal Replacement Therapy (RRT) for patients
suffering from Acute Renal Failure, a PAK for home hemodialysis
(XCR-6) for patients suffering from End Stage Renal Disease (ESRD),
and a Wearable Artificial Kidney (WAK) for continuous ambulatory
hemodialysis for treatment of ESRD.
For the attended care market, Xcorporeal is developing a
portable, multi-functional renal replacement device that will offer
cost-effective therapy for those patients suffering from Acute
Renal Failure, which causes a rapid decline in kidney function. In
the U.S., the disease affects more than 200,000 patients annually
with a mortality rate approaching 50%, according to a study
published in the Clinical Journal of American Society of Nephrology
in 2006. The Company has completed functional prototypes, which are
currently undergoing bench testing.
The Company also plans to commercialize the XCR-6, a home
hemodialysis device, for the chronic End Stage Renal Disease (ESRD)
market, comprised of patients in whom the kidneys have ceased to
function. The Company’s devices are intended to combine the best
attributes of currently marketed home hemodialysis machines to
offer patients convenient, durable and truly portable treatments at
home. The Company believes its devices will provide a
cost-effective alternative to current home treatment modalities,
due to their ability to offer hemodialysis without the need for
large quantities of dialysate fluid or purified water. The Company
has also completed a demonstration prototype of the XCR-6.
The Company’s WAK is also a device for the chronic treatment of
ESRD. The Company has successfully demonstrated a prototype system
that weighs less than 6 kg., is battery operated, and can be worn
by an ambulatory patient. This miniature, wearable device is
intended to enable continuous (up to 24 hours × 7 days per week)
renal replacement therapy at home. Increasing dialysis time has
previously been shown to reduce morbidity and improve quality of
life of ESRD patients. The WAK has been featured in articles
written in periodicals worldwide such as the Los Angeles Times, Le
Figaro, Frankfurter Algemeiner and Corriere dela Sera. Scientific
papers discussing the WAK have been published in several peer
reviewed journals, including The Lancet and Kidney
International.
Additional Company information may be found on its website at:
www.xcorporeal.com.
Forward-Looking Statements
To the extent that this news release discusses expectations or
otherwise makes statements about the future, such statements are
forward-looking and made pursuant to the Safe Harbor provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements reflect numerous assumptions and involve
a variety of risks and uncertainties, many of which are beyond the
Company's control, that may cause actual results to differ
materially from stated expectations. These risk factors include,
among others, limited operating history, difficulty in developing,
exploiting and protecting proprietary technologies, the risk that
our technology may not be effective, the risk that we may not have
sufficient financial resources to adequately finance the
development activities described in the press release, uncertainty
as to the outcome of arbitration and legal proceedings, intense
competition and substantial regulation in the medical device
industry, and additional risk factors as discussed in the reports
filed by Xcorporeal with the United States Securities and Exchange
Commission, including the risks discussed in the Risk Factors and
Management’s Discussion and Analysis sections of Xcorporeal’s
Annual Report on Form 10-K for the fiscal year ended December 31,
2008, which are available on its website at http://www.sec.gov. Xcorporeal does not
undertake any obligation to update any forward-looking statements
to reflect future events or circumstances after the date of such
statements.
Xcorporeal (CE) (USOTC:XCRP)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Xcorporeal (CE) (USOTC:XCRP)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024