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CytoDyn Inc. (OTC.QB: CYDY), ("CytoDyn" or the "Company"), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today it recently filed a comprehensive listing application package with The Nasdaq Stock Market to request an uplisting of the Company's common stock. The Company believes it satisfies the initial listing requirements for The Nasdaq Capital Market®.
Nader Pourhassan, Ph.D., President and Chief Executive Officer of CytoDyn, commented: "While we realize the regulatory review of our application to uplist to Nasdaq will take several weeks, we believe the Company is well positioned for success. As we advance the evaluation of our drug, leronlimab, including the upcoming results of the COVID-19 trials, we believe a listing on Nasdaq will enhance shareholder value by providing our shareholders with improved liquidity and by giving us greater access to the capital markets, which will allow us to achieve our objective of bringing leronlimab to market."
Posted In: CYDY
