other material
confidence high
sentiment positive
materiality 0.65
Eloxx gets Nasdaq extension to July 30, 2023 for continued listing; ELX-02 pivotal study planned
Eloxx Pharmaceuticals, Inc.
- Nasdaq Hearings Panel granted extension through July 30, 2023 to regain compliance with $35M market value rule.
- Extension is conditioned on achievement of certain milestones included in a compliance plan.
- Company plans to advance ELX-02 into pivotal study in Alport Syndrome patients with nonsense mutations.
- Plans depend on completing third patient dosing in Phase 2 trial, FDA discussions, and obtaining necessary capital.