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AVRX Avalon Pharmaceuticals (MM)

0.59
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Avalon Pharmaceuticals (MM) NASDAQ:AVRX NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.59 0 01:00:00

Avalon Pharmaceuticals Receives Audit Opinion Containing Going Concern Statement

07/04/2009 8:00pm

Business Wire


Avalon (NASDAQ:AVRX)
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Avalon Pharmaceuticals, Inc. (Nasdaq:AVRX), today announced, in compliance with NASDAQ Marketplace Rule 4350(b)(1)(B), that the independent audit report included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008 contained an unqualified audit opinion from its independent public accounting firm, Ernst & Young LLP, which included a “going concern” explanatory statement. This disclosure is required under NASDAQ rules and does not represent any change to the Company’s Annual Report on Form 10-K for the year ended December 31, 2008 which was filed on March 31, 2009 with the Securities and Exchange Commission.

About Avalon Pharmaceuticals

Avalon is a biopharmaceutical company focused on the discovery, development and commercialization of first-in-class cancer therapeutics.

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