TITAN PHARMACEUTICAL (TTP) Message Board

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Biotech / Medical : TITAN PHARMACEUTICAL (TTP)

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From: kenhott	12/4/2008 3:52:07 PM
	of 362

Titan Pharmaceuticals Announces Board Decision to Delist Common Stock and Deregister Wednesday December 3, 5:10 pm ET SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Titan Pharmaceuticals, Inc. (AMEX:TTP - News) today announced that its Board of Directors has determined to delist and deregister the common stock as part of its previously announced plan to reduce expenses and operations to the minimal level necessary to enable the Company to continue its efforts to realize value for its remaining assets, particularly the Probuphine program. Accordingly, the Company will file a Form 25 with the Securities and Exchange Commission (“SEC”) on December 15, 2008 to voluntarily delist the company’s common stock from the American Stock Exchange. The Company also intends to file a Form 15 with the SEC to voluntarily suspend its reporting obligations under the provisions of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As a result of filing the Form 15, the Company will no longer be required to file reports under the Exchange Act, including quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K. In addition, the provisions of the Sarbanes Oxley Act of 2002 will no longer apply to the Company.

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