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Biotech / Medical : Vion (formerly Oncorx) interesting play on Gene Therapy

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To: Jim Oravetz who wrote (317)1/28/2005 1:11:17 PM
From: Jim Oravetz  Read Replies (1) of 370
 
Vion Pharma Gets Cure Period To Comply With Nasdaq Rule
DOW JONES NEWSWIRES
January 28, 2005 7:52 a.m.

WASHINGTON -- Vion Pharmaceuticals Inc. (VION) disclosed Friday that it was provided a "cure period" to regain compliance with Nasdaq's audit committee composition requirements.

The biopharmaceutical company said in a document filed with the Securities and Exchange Commission that it told Nasdaq on Thursday that it wasn't in compliance with the rule because of a vacancy on the audit committee that resulted from the previously announced death of Walter B. Wriston.

Vion has until its annual shareholders' meeting or Jan. 19, 2006, to regain compliance with the audit committee requirements.

In the meantime, the company will be included in a list of non-compliant Nasdaq companies on Nasdaq's Web site on or after Feb. 3, the filing said.
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