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BIVN Bioenvision (MM)

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Share Name Share Symbol Market Type
Bioenvision (MM) NASDAQ:BIVN 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 -

Bioenvision Receives Notification from Nasdaq Regarding Removal of ''E'' from Trading Symbol

30/06/2005 12:00pm

Business Wire


Bioenvision (NASDAQ:BIVN)
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Bioenvision, Inc. (Nasdaq: BIVN) today announced that the Nasdaq Listings Qualifications Panel has approved its request for continued listing on the Nasdaq National Market and advises that the fifth character "E" will be removed from Bioenvision's trading symbol effective on the opening of trading on Friday, July 1, 2005. As noted in prior press releases, the "E" had been added to the Bioenvision trading symbol because the Company had not been in compliance with Nasdaq's listing standards as a result of a delay in filing its quarterly report on Form 10-QSB for the quarter ended March 31, 2005. The Form 10-QSB was subsequently filed on June 29, 2005. As a result, the Nasdaq Listings Qualifications Panel has determined that the Company now has satisfied its filing requirements and has evidenced compliance with all other requirements necessary for continued listing on the Nasdaq National Market. About Bioenvision Bioenvision's primary focus is the acquisition, development and distribution of compounds and technologies for the treatment of cancer. Bioenvision has a broad pipeline of products for the treatment of cancer, including: Clofarabine (in co-development with Genzyme Corporation), Modrenal(R) (for which Bioenvision has obtained regulatory approval for marketing in the United Kingdom for the treatment of post-menopausal breast cancer following relapse to initial hormone therapy), and other products in clinical trials. Bioenvision is also developing anti-infective technologies, including the OLIGON technology; an advanced biomaterial that has been incorporated into various FDA approved medical devices. For more information on Bioenvision please visit our Web site at www.bioenvision.com. Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because these statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Specifically, factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to: risks associated with preclinical and clinical developments in the biopharmaceutical industry in general and in Bioenvision's compounds under development in particular; the potential failure of Bioenvision's compounds under development to prove safe and effective for treatment of disease; uncertainties inherent in the early stage of Bioenvision's compounds under development; failure to successfully implement or complete clinical trials; failure to receive marketing clearance from regulatory agencies for our compounds under development; acquisitions, divestitures, mergers, licenses or strategic initiatives that change Bioenvision's business, structure or projections; the development of competing products; uncertainties related to Bioenvision's dependence on third parties and partners; and those risks described in Bioenvision's filings with the SEC. Bioenvision disclaims any obligation to update these forward-looking statements.

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