Business
PainReform Regains Compliance with Nasdaq Continued Listing Requirements
TEL AVIV, Israel, July 19, 2023 (GLOBE NEWSWIRE) -- PainReform Ltd. (Nasdaq: PRFX) ("PainReform" or the "Company"), a clinical-stage specialty pharmaceutical
About this update from Prf Technologies Ltd.
[{"type":"text","content":"TEL AVIV, Israel, July 19, 2023 (GLOBE NEWSWIRE) -- PainReform Ltd. (Nasdaq: PRFX) (\"PainReform\" or the \"Company\"), a clinical-stage specialty pharmaceutical company focused on the reformulation of established therapeutics, today announced that the Company received notice from Nasdaq on July 18, 2023, indicating that it has regained compliance with the minimum bid price requirement under Nasdaq Rules 5550(a)(2). Ilan Hadar, Chief Executive Officer of PainReform, stated, “We are pleased to have regained compliance with the Nasdaq continued listing requirements given the credibility and visibility that our listing provides. At the same time, we have significantly enhanced our balance sheet and are advancing the second part of our Phase 3 trial evaluating the analgesic efficacy and safety of intra-operative administration of PRF-110 following surgery. Based on the clinical results to date, we believe PRF-110 holds promise in terms of reducing the frequency of opiate use following surgical procedures, which has contributed to the national and global opioid epidemic.” About PainReform PainReform is a clinical-stage specialty pharmaceutical company focused on the reformulation of established therapeutics. PRF-110, the Company's lead product, is based on the local anesthetic ropivacaine, targeting the postoperative pain relief market. PRF-110 is an oil-based, viscous, clear solution that is deposited directly into the surgical wound bed prior to closure to provide localized and extended postoperative analgesia. The Company's proprietary extended-release drug-delivery system is designed to provide an extended period of post-surgical pain relief without the need for repeated dose administration while reducing the potential need for the use of opiates. For more information, please visit www.painreform.com. Notice Regarding Forward-Looking StatementsThis press release contains forward-looking statements about our expectations, beliefs and intentions. Forward-looking statements can be identified by the use of forward-looking words such as \"believe\", \"expect\", \"intend\", \"plan\", \"may\", \"should\", \"could\", \"might\", \"seek\", \"target\", \"will\", \"project\", \"forecast\", \"continue\" or \"anticipate\" or their negatives or variations of these words or other comparable words or by the fact that these statements do not relat...