NASDAQ has warned Sunesis Pharmaceuticals Inc. that it faces possible de-listing Sunesis Pharmaceuticals Inc trades on the “NASDAQ” under the stock symbol “SNSS”. For More information regarding “SNSS” make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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NASDAQ has warned Sunesis Pharmaceuticals Inc. that it faces possible de-listing because it isn't in compliance with the $1 minimum per share requirement.
South San Francisco-based Sunesis (NASDAQ:SNSS) has until Sept. 27 to regain compliance. The company's stock must trade at least $1 for 10 consecutive business days.
The biopharmaceutical company, which focuses on oncology, closed the day Thursday at 95 cents.
About Sunesis Pharmaceuticals Inc:
Sunesis Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of oncology therapeutics for hematologic and solid tumor cancers. Its primary product candidate is Voreloxin, an anticancer quinolone derivative (AQD) for the treatment of cancer in Phase 2 development stage. The company is conducting various clinical trials of Voreloxin, including a Phase 2 clinical trial, known as the REVEAL-1 trial, in previously untreated elderly patients with acute myeloid leukemia (AML); a Phase 1b/2 clinical trial combining Voreloxin with cytarabine for the treatment of patients with relapsed/refractory AML; and a Phase 2 single agent clinical trial in advanced platinum-resistant ovarian cancer patients. Sunesis Pharmaceuticals has a license agreement with Dainippon Sumitomo Pharma Co., Ltd. for the development and marketing of Voreloxin. It was formerly known as Mosaic Pharmaceuticals, Inc. The company was founded in 1998 and is headquartered in South San Francisco, California.
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