other material
confidence high
sentiment negative
materiality 0.75
Oragenics receives NYSE delisting notice for equity shortfall; ONP-002 Phase 2 trial planned Q4 2024
ORAGENICS INC
- NYSE American notified Oragenics it is not in compliance with Section 1003(a)(i) (stockholders' equity <$2M); compliance plan approved, deadline Oct 18, 2025.
- ONP-002 cleared FDA-required cardiotoxicity and genotoxicity tests; Phase 2 trial expected to start Q4 2024 in Australia.
- Improved intranasal formulation increases ONP-002 per dose by 4X; automated device prototype for use in acute concussion completed.
- Closed public offering raising ~$1.1M to fund ONP-002 development and corporate needs.
- Appointed Dr. Peacock as Chief Clinical Officer and Dr. Kelly as Chief Medical Officer for Phase 2 trial.