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MabVax receives listing deficiency notice from Nasdaq

Published 04/13/2018, 04:13 PM
© Reuters.  MabVax receives listing deficiency notice from Nasdaq
  • MabVax Therapeutics Holdings (OTCQB:MBVX) reports that it has received a notice from Nasdaq that its $1.1M in stockholders' (SE) equity is below the listing minimum of $2.5M.
  • The company says SE dropped due to the capital required for clinical trials, adding that it raised $2.7M in February and seeks one or more strategic transactions this quarter.
  • Per Nasdaq rules, MabVax has 45 calendar days to submit a plan to address the issue and may receive an additional 180 days for implementation.
  • Now read: Allergan (NYSE:AGN) Year 2 Analysis Of The Phase 2b CENTAUR Study - Slideshow


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