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PARDD Poniard Pharmaceuticals, Inc. (MM)

2.95
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Poniard Pharmaceuticals, Inc. (MM) NASDAQ:PARDD 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% 2.95 0 01:00:00

Poniard Pharmaceuticals and Allozyne Terminate Planned Merger

22/12/2011 1:00pm

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Poniard Pharmaceuticals, Inc. (MM) (NASDAQ:PARDD)
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Poniard Pharmaceuticals, Inc. (NASDAQ: PARDD) today announced that Poniard and Allozyne, Inc. have mutually agreed to terminate the Agreement and Plan of Merger and Reorganization dated June 22, 2011. The termination follows the parties' determination that the common stock of the combined company resulting from the proposed merger will not qualify for listing on The Nasdaq Capital Market, which is a condition to closing of the merger. Poniard's board of directors is actively exploring alternatives for Poniard's business and assets.

About Poniard Pharmaceuticals

Poniard Pharmaceuticals, Inc. is a biopharmaceutical company focused on the development and commercialization of innovative oncology products. For additional information please visit http://www.poniard.com.

For Further Information: Media: David Pitts Argot Partners (212) 600-1902 Email Contact

1 Year Poniard Pharmaceuticals, Inc. (MM) Chart

1 Year Poniard Pharmaceuticals, Inc. (MM) Chart

1 Month Poniard Pharmaceuticals, Inc. (MM) Chart

1 Month Poniard Pharmaceuticals, Inc. (MM) Chart