EyeGate Pharmaceuticals Granted Additional 180 Days to Comply With Nasdaq Listing Rules
25 Septiembre 2018 - 5:55AM
EyeGate Pharmaceuticals, Inc. (NASDAQ: EYEG) a clinical-stage,
specialty pharmaceutical company with two proprietary platform
technologies for treating diseases and disorders of the eye, today
announced that the Company has been granted an additional 180 days
to comply with Nasdaq’s continued listing rules.
Nasdaq Listing Rule 5550(a)(2) requires listed securities to
maintain a minimum bid price of $1 per share. With the extension
granted, EyeGate has until March 18, 2019 to meet this requirement
by having a closing bid price of at least $1 per share for a
minimum of ten consecutive business days during this additional
time period.
About EyeGate
EyeGate is a clinical-stage specialty pharmaceutical company
focused on developing and commercializing products developing and
commercializing products using its two proprietary platform
technologies for treating diseases and disorders of the eye.
EyeGate’s CMHA-S platform, EyeGate OBG, is based on a modified
form of the natural polymer hyaluronic acid, which is a gel that
possesses unique physical and chemical properties such as hydrating
and healing when applied to the ocular surface. The ability of
CMHA-S to adhere longer to the ocular surface, resist degradation
and protect the ocular surface makes it well-suited for treating
various ocular surface injuries including surgical trauma.
EGP-437, EyeGate’s other product in clinical trials,
incorporates a reformulated topically active corticosteroid,
Dexamethasone Phosphate that is delivered into the ocular tissues
through EyeGate’s proprietary innovative drug delivery system, the
EyeGate II Delivery System. For more information, please visit
www.EyeGatePharma.com.
EyeGate Social MediaEyeGate uses its website
(www.EyeGatePharma.com), Facebook page (https://www.facebook.com/
EyeGatePharma/), corporate Twitter account
(https://twitter.com/EyeGatePharma), and LinkedIn page
(https://www.linkedin.com/company/135892/) as channels of
distribution of information about EyeGate and its product
candidates. Such information may be deemed material information,
and EyeGate may use these channels to comply with its disclosure
obligations under Regulation FD. Therefore, investors should
monitor EyeGate’s website and its social media accounts in addition
to following its press releases, SEC filings, public conference
calls, and webcasts. The social media channels that EyeGate intends
to use as a means of disclosing the information described above may
be updated from time to time as listed on EyeGate’s investor
relations website.
Forward-Looking Statements
Some of the statements discussed in this press release contain
“forward-looking” statements and are made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995. These “forward-looking” statements include statements that
involve significant risks and uncertainties, including statements
relating to the prospects for the Company’s OBG and EGP-437 product
candidates, for the timing and outcome of the Company’s clinical
trials, the potential approval to market OBG and/or EGP-437, and
the Company’s capital needs. Actual events could differ
materially from those set forth in this press release, including,
among other things, certain risk factors described under the
heading “Risk Factors” contained in EyeGate’s Annual Report on Form
10-K filed with the SEC on March 2, 2018 or described in EyeGate’s
other public filings. EyeGate’s results may also be affected by
factors of which EyeGate is not currently aware. The
forward-looking statements in this press release speak only as of
the date of this press release. EyeGate expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to such statements to reflect any change in its
expectations with regard thereto or any changes in the events,
conditions or circumstances on which any such statement is
based.
ContactJoseph Green / Andrew GibsonEdison
Advisors for EyeGate Pharmaceuticals646-653-7030 /
7719jgreen@edisongroup.com / agibson@edisongroup.com
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