Incara Stock Moves to OTC Bulletin Board Market
PR Newswire, Wednesday, September 25, 2002 at 10:46
RESEARCH TRIANGLE PARK, N.C., Sep 25, 2002 /PRNewswire-Firstcall via COMTEX/ -- Incara Pharmaceuticals Corporation (OTC Bulletin Board: INCR) today announced that it has been informed that its common stock does not meet the requirements for continued listing for the Nasdaq National Market and will begin trading on the OTC Bulletin Board under its current symbol"INCR."The OTC Bulletin Board(R) (www.otcbb.com) is a regulated quotation service that displays quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. An OTC equity security generally is any equity that is not listed or traded on Nasdaq(R) or a national securities exchange. OTCBB securities include national, regional, and foreign equity issues, warrants, units, American Depositary Receipts (ADRs), and Direct Participation Programs (DPPs).
Incara Pharmaceuticals Corporation (www.incara.com) is focused on disease therapies based on tissue protection, repair and regeneration. The company is developing a series of catalytic antioxidants as treatments for protection from damage occurring in cancer radiation therapy and stroke and for protection of cells in transplantation. Incara has received allowance of an Investigational New Drug Application (IND) to begin Phase 1 clinical trials of cryopreserved human liver cells for the treatment of patients with cirrhosis and end-stage liver disease. |
