Repros to Appeal NASDAQ Delisting Notice

Mon Nov 9, 2009 8:01pm EST
 
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THE WOODLANDS, Texas--(Business Wire)--
On November 6, 2009, Repros Therapeutics Inc. (NasdaqGM:RPRX) received
notification from NASDAQ that it has not regained compliance with NASDAQ Listing
Rules 5450(b)(2)(A) or 5450(b)(3)(A) and, unless the Company appeals NASDAQ`s
decision, its securities will be delisted from the NASDAQ Global Market. Repros
intends to appeal NASDAQ`s determination to delist its securities or,
alternatively, to request to have its securities moved to the NASDAQ Capital
Market. There can be no assurance that either of these strategies will be
successful. 

About Repros Therapeutics Inc.

Repros Therapeutics focuses on the development of oral small molecule drugs for
major unmet medical needs that treat male and female reproductive disorders. 

Any statements that are not historical facts contained in this release are
forward-looking statements that involve risks and uncertainties, including
Repros' ability to successfully defend itself against the class action
complaints, maintain its listing on the NASDAQ Global Market or qualify for
moving its listing to the NASDAQ Capital Market, raise needed additional capital
in the immediate future in order for it to continue its operations on acceptable
terms or at all, Repros` ability to have success in the clinical development of
its technologies, the occurrence, timing and outcome of any meetings with the
FDA, whether clinical trials of Proellex may be resumed, whether any safe and
effective dose for Proellex can be determined, whether a clear clinical path for
Androxal can be determined and such other risks which are identified in the
Company's most recent Annual Report on Form 10-K and in any subsequent quarterly
reports on Form 10-Q.These documents are available on request from Repros
Therapeutics or at www.sec.gov.Repros disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

For more information, please visit the Company's website at
http://www.reprosrx.com.

Repros Therapeutics Inc.
Chief Executive Officer
Joseph Podolski, 281-719-3447


Copyright Business Wire 2009

 

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