Connect Biopharma Achieves Key Nasdaq Compliance Milestone

Connect Biopharma Secures Nasdaq Listing Compliance
Connect Biopharma Holdings Limited (NASDAQ: CNTB), a pioneering biopharmaceutical company dedicated to transforming treatments for inflammatory diseases, proudly announces its successful adherence to the Nasdaq minimum bid price requirement, ensuring the continued trading of its American Depositary Shares (ADS).
Confirmation of Compliance
As of July 15, 2025, the company received official confirmation from Nasdaq's Listing Qualifications Department that its ADS has consistently maintained a minimum closing bid price of at least $1.00 for a period of 10 consecutive business days. This essential milestone not only reaffirms the company's compliance but also solidifies its standing within the vibrant market.
Advancing Innovative Treatments
Connect Biopharma is dedicated to developing cutting-edge treatments for asthma and chronic obstructive pulmonary disease (COPD). The company is currently focused on its flagship product, rademikibart, a next-generation antibody targeting IL-4R?. The potent potential of rademikibart in the treatment of acute exacerbations showcases the company's commitment to addressing significant unmet medical needs in these prevalent conditions.
Clinical Trials and Development
Currently, Connect Biopharma is advancing rademikibart through global clinical studies directed towards proving its safety and efficacy against asthma and COPD exacerbations. The findings from these trials will not only impact future regulatory approvals but also enhance understanding of the treatment landscape for these diseases.
Strategic Collaborations
Connect Biopharma has strategically aligned with Simcere, pursuing a license and collaboration agreement focused on rademikibart within the Chinese market. This partnership supports the company's aim to expand its innovative therapies into crucial markets where they are needed most.
Looking Towards Future Developments
As Connect Biopharma forges ahead, it aims to establish further clinical collaborations that will enable it to leverage resources efficiently while remaining dedicated to its core mission. With an eye on future innovations, the company seeks out partnerships that can align with its vision and goals.
Investor Relations
For investor inquiries, Alex Lobo from Precision AQ is available at (212) 698-8802 and via email at Alex.lobo@precisionaq.com. Stay updated with the latest developments from Connect Biopharma.
Continued Commitment to Stakeholders
Connect Biopharma places immense value on transparency and open communication with its stakeholders. Stability in meeting Nasdaq compliance is a testament to the company’s operational diligence and integral focus on growth.
Frequently Asked Questions
What does regaining compliance with Nasdaq mean for Connect Biopharma?
It allows the company to continue trading its American Depositary Shares without interruptions, showcasing financial stability to investors.
What is rademikibart?
Rademikibart is a next-generation antibody designed to target IL-4R?, currently under investigation for use in asthma and COPD management.
Who is Connect Biopharma partnering with for rademikibart?
The company has an exclusive collaboration with Simcere focusing on the Chinese market.
What future developments can be expected from Connect Biopharma?
Expect further clinical collaborations and innovations aimed at enhancing treatment options for respiratory diseases.
How can investors get in touch with Connect Biopharma?
Investors can contact Alex Lobo directly via email or phone for inquiries and updates.
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