Polyrizon Achieves Nasdaq Compliance in Positive Development
Polyrizon Regains Compliance with Nasdaq Requirements
Polyrizon Ltd. (Nasdaq: PLRZ), a cutting-edge biotechnology firm, has recently celebrated a significant achievement by regaining compliance with the Nasdaq listing requirements. This confirmation, received from the Hearings Advisor of the Nasdaq Hearings Panel, has marked a pivotal moment for the company as it continues its mission to develop innovative intranasal products.
Confirmation of Compliance
In an official communication dated August 13, Polyrizon was informed that it met the minimum bid price requirements necessary for its continued listing. This important milestone adheres to Nasdaq Listing Rule 5550(a)(2) and aligns with the conditions stipulated in the Nasdaq Hearings Panel’s decision from July 9. This positive update reinforces the company’s commitment to maintaining its standing on the Nasdaq Capital Market.
Significance of Nasdaq Compliance
The ability to remain listed on Nasdaq is crucial for Polyrizon, as it signifies to investors and stakeholders that the company is on the right path. Nasdaq compliance not only improves market visibility for Polyrizon but also enhances investor confidence. As the firm transitions through various stages of development, it continues to attract attention for its innovative solutions in nasal therapies.
About Polyrizon
Polyrizon is dedicated to the creation of advanced medical device hydrogels that offer promising applications in nasal health. By delivering these hydrogels via nasal sprays, the company provides a protective barrier within the nasal cavity that can effectively shield against harmful viruses and allergens. The proprietary technology known as Capture and Contain TM (C&C) is designed to create a bioadhesive barrier, acting as a unique “biological mask” that significantly contributes to respiratory health.
Innovative Hydrogel Technology
At the heart of Polyrizon’s development strategy is its focus on refining its hydrogel technology to enhance bioadhesion and extend the retention time of these products at the application site. This innovation is geared towards improving the intranasal delivery of medications and could potentially transform the way pharmaceutical ingredients are administered through the nasal route.
Future Developments
Polyrizon is also working on another innovative technology named Trap and Target ™ (T&T), which is in pre-clinical development stages. This technology aims at optimizing the targeted delivery of active pharmaceutical ingredients within the nasal cavity, broadening the company’s scope in the biotechnology sector.
Commitment to Health and Safety
As Polyrizon advances its R&D efforts, the commitment to health and safety remains paramount. The company prioritizes providing effective solutions that not only enhance the quality of life but also ensure the utmost safety for its users.
Company Contact Information
For inquiries, individuals can reach out to:
Michal Efraty
Investor Relations
Email: IR@polyrizon-biotech.com
Frequently Asked Questions
What does Polyrizon do?
Polyrizon specializes in developing innovative intranasal products that provide protective barriers against viruses and allergens.
What recent achievement did Polyrizon announce?
The company confirmed its compliance with Nasdaq listing requirements, allowing it to continue trading on the Nasdaq Capital Market under the ticker symbol PLRZ.
How does Polyrizon’s hydrogel technology work?
The hydrogel technology acts as a barrier within the nasal cavity, protecting against harmful substances while enhancing the delivery of medications.
What is the Capture and Contain TM technology?
This proprietary technology enables the formation of a bioadhesive barrier in the nasal cavity, aiming to improve respiratory health and medication delivery.
Who should be contacted for investor relations at Polyrizon?
Interested parties can contact Michal Efraty through the email IR@polyrizon-biotech.com for all investor relations inquiries.
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