Windtree Therapeutics Regains Compliance with Nasdaq Listing Rules
24 Mars 2025 - 1:00PM
Windtree Therapeutics, Inc. (“Windtree” or the “Company”)
(NasdaqCM: WINT), a biotechnology company focused on becoming a
revenue generating biotech and advancing early and late-stage
innovative therapies for critical conditions and diseases, today
announced that the Company received notice from The Nasdaq Stock
Market LLC ("Nasdaq") that Windtree has regained compliance with
the minimum bid price requirement under Nasdaq Listing Rule
5550(a)(2) for continued listing on Nasdaq. The Company will be
subject to a mandatory panel monitor until March 20, 2026.
The Company was previously notified by Nasdaq on December 4,
2024 that it was not in compliance with the minimum bid price rule
because its common stock failed to meet the closing bid price of
$1.00 or more for 30 consecutive trading days, as required by the
Nasdaq Listing Rules. To regain compliance with the rule, the
Company was required to maintain a minimum closing bid price of
$1.00 or more for at least 10 consecutive trading days. Nasdaq
noted that this requirement was met and had been exhibited by a
closing bid price of more than $1.00 since February 21, 2025.
About Windtree Therapeutics, Inc.Windtree
Therapeutics, Inc. is a biotechnology company focused on becoming a
revenue generating biotech and advancing early and late-stage
innovative therapies for critical conditions and diseases.
Windtree’s portfolio of product candidates includes istaroxime, a
Phase 2 candidate with SERCA2a activating properties for acute
heart failure and associated cardiogenic shock, preclinical SERCA2a
activators for heart failure and preclinical precision aPKCi
inhibitors that are being developed for potential in rare and broad
oncology applications. Windtree also has a licensing business model
with partnership out-licenses currently in place.
Forward-Looking Statements This press release
contains statements related to the potential clinical effects of
istaroxime; the potential benefits and safety of istaroxime; and
the clinical development of istaroxime. Such statements constitute
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995. The Company may, in some
cases, use terms such as “predicts,” “believes,” “potential,”
“proposed,” “continue,” “estimates,” “anticipates,” “expects,”
“plans,” “intends,” “may,” “could,” “might,” “will,” “should” or
other words that convey uncertainty of future events or outcomes to
identify forward-looking statements. Such statements are based on
information available to the Company as of the date of this press
release and are subject to numerous important factors, risks and
uncertainties that may cause actual events or results to differ
materially from the Company’s current expectations. Examples of
such risks and uncertainties include, among other things: the
Company’s ability to acquire revenue generating subsidiaries; the
market’s reaction to potential acquisitions by the Company; the
Company’s ability to secure significant additional capital as and
when needed; the Company’s ability to achieve the intended benefits
of the aPKCi asset acquisition with Varian Biopharmaceuticals,
Inc.; the Company’s risks and uncertainties associated with the
success and advancement of the clinical development programs for
istaroxime and the Company’s other product candidates, including
preclinical oncology candidates; the Company’s ability to access
the debt or equity markets; the Company’s ability to manage costs
and execute on its operational and budget plans; the results, cost
and timing of the Company’s clinical development programs,
including any delays to such clinical trials relating to enrollment
or site initiation; risks related to technology transfers to
contract manufacturers and manufacturing development activities;
delays encountered by the Company, contract manufacturers or
suppliers in manufacturing drug products, drug substances, and
other materials on a timely basis and in sufficient amounts; risks
relating to rigorous regulatory requirements, including that: (i)
the U.S. Food and Drug Administration or other regulatory
authorities may not agree with the Company on matters raised during
regulatory reviews, may require significant additional activities,
or may not accept or may withhold or delay consideration of
applications, or may not approve or may limit approval of the
Company’s product candidates, and (ii) changes in the national or
international political and regulatory environment may make it more
difficult to gain regulatory approvals and risks related to the
Company’s efforts to maintain and protect the patents and licenses
related to its product candidates; risks that the Company may never
realize the value of its intangible assets and have to incur future
impairment charges; risks related to the size and growth potential
of the markets for the Company’s product candidates, and the
Company’s ability to service those markets; the Company’s ability
to develop sales and marketing capabilities, whether alone or with
potential future collaborators; the rate and degree of market
acceptance of the Company’s product candidates, if approved; the
economic and social consequences of the COVID-19 pandemic and the
impacts of political unrest, including as a result of geopolitical
tension, including the conflict between Russia and Ukraine, the
People’s Republic of China and the Republic of China (Taiwan), and
the evolving events in the Middle East, and any sanctions, export
controls or other restrictive actions that may be imposed by the
United States and/or other countries which could have an adverse
impact on the Company’s operations, including through disruption in
supply chain or access to potential international clinical trial
sites, and through disruption, instability and volatility in the
global markets, which could have an adverse impact on the Company’s
ability to access the capital markets. These and other risks are
described in the Company’s periodic reports, including its Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K, filed with or furnished to the Securities and
Exchange Commission and available at www.sec.gov. Any
forward-looking statements that the Company makes in this press
release speak only as of the date of this press release. The
Company assumes no obligation to update forward-looking statements
whether as a result of new information, future events or otherwise,
after the date of this press release.
Contact Information:
Eric Curtisecurtis@windtreetx.com
Windtree Therapeutics (NASDAQ:WINT)
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