QRxPharma Ltd
QRxPharma Limited (ASX: QRX; OTCQX: QRXPY) is a clinical-stage specialty pharmaceutical company focused on the development and commercialisation of new treatments for pain management and central nervous system (CNS) disorders. The Company’s lead products comprise a patented combination of existing drugs, with a well-defined path to regulatory approval and sales. QRxPharma’s lead drug compound, MoxDuo™ IR (Q8003IR), began Phase III clinical trials in November 2007. The Company’s preclinical and clinical pipeline includes other technologies in the fields of neurodegenerative disease and venomics.
QRxPharma requests suspension pending capital raisings
QRxPharma (ASX: QRx) had requested a trading halt in relation to QRxPharma's shares pending the announcement of a proposed renounceable rights issue and institutional placement to be conducted by QRxPharma.
The company has now requested its shares be placed in voluntary suspension – to commence from the end of the trading halt period, being immediately before the commencement of trading on Friday, 13 November 2009.
The reason for the suspension is to allow finalisation of the capital raising.
QRxPharma expects the suspension will last until such time as it is in a position to make an announcement on the capital raising. This is expected to be prior to the commencement of trading on Monday, 16 November 2009.
The company's shares last traded at $1.20.
Other QRxPharma Ltd articles
Other QRxPharma Ltd news
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23/02/10 QRxPharma inks agreement to develop MoxDuo®IV for China market
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06/01/10 Australian Ethical Investments lodges substantial shareholder notice with QRxPharma
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10/12/09 QRxPharma to launch acute pain drug in 2011
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24/09/09 QrxPharma inks alliance with China biopharmaceutical company
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25/08/09 QrxPharma's MoxDuo™ IR drug demonstrates fewer side effects than Percocet in trial
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24/07/09 QRXPharma commences Phase 2 study to increase pain relief for hip replacement surgery patients
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