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oldberkeley

03/07/11 6:24 PM

#116053 RE: biomaven0 #116047

don't invest in companies that change their name.


Peter- Not a biotech, but in the mid-90's the English cerebral palsy charity group changed their name to Scope from...The Spastic Society.

It did wonders for them. :-)

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DewDiligence

03/07/11 6:28 PM

#116054 RE: biomaven0 #116047

…don't invest in companies that change their name.

An exception should be made for companies that change their name before they IPO. I’m thinking of one company in particular :- )
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chemistfrog

03/07/11 10:10 PM

#116064 RE: biomaven0 #116047

LOL! Great advise, and I actually adhere to that ESPECIALLY if I ever deal with penny stocks. However, in the case of a serious biotech company having the name "NexMed", I think I would try for a name change as well!

Thanks and have a great evening. Once again, I'm so glad I found this board!

Chemistfrog
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DewDiligence

03/09/11 8:49 AM

#116188 RE: biomaven0 #116047

Targeted Genetics (TGEN.PK) is now AmpliPhi Biosciences (APHB):

http://finance.yahoo.com/news/Targeted-Genetics-Announces-bw-2498185627.html?x=0&.v=1

LOL
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DewDiligence

12/08/11 1:13 PM

#132691 RE: biomaven0 #116047

NEOP will soon be called Navidea (NAVP):

http://finance.yahoo.com/news/Neoprobe-Corporation-Change-bw-4015181289.html?x=0

Navidea was chosen as the new name to reflect the Company’s dedication to “NAVigating IDEAs” that translate cutting edge innovation and precision diagnostics technology into novel products to advance patient care.

ROTFLMAO
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DewDiligence

12/21/11 10:04 AM

#133469 RE: biomaven0 #116047

Synthetic Biologics, Inc.:

…one of my standard rules of biotech investing - don't invest in companies that change their name.

Do you make an exception when a company changes its name twice? I’m thinking of the case of Pipex Pharmaceuticals --> Adeona --> Synthetic Biologics, Inc.:

http://finance.yahoo.com/news/Adeona-Announces-Proposed-prnews-1391049483.html?x=0

"By overcoming many of the technical obstacles that limited traditional gene medicine approaches, synthetic DNA-based biologics may allow us to optimize the delivery of therapeutic proteins in a safe, controlled and localized fashion never before possible. In turn, this may provide physicians the ability to radically transform the way in which many serious diseases can be treated. I am pleased to be joining the Company, and to be a part of this innovative new effort and area," stated John Monahan , Ph.D., the Company's Senior Vice President of Research & Development.

The Company's ongoing and planned clinical trials of Trimesta™ (estriol) for multiple sclerosis are expected to continue and the Company's planned clinical trial of AEN-100 (modified release zinc) for amyotrophic lateral sclerosis (ALS) is also expected to continue. In addition, the Company intends to seek marketing partners for its marketable zinc-based products reaZin™ and wellZin™.

LOL. One constant through all of the name changes: the company is—and always has been—a hotbed of junk science.

A few Pipex/AEN blasts from the past: #msg-24641786, #msg-24642596, #msg-24675862, #msg-34954043, #msg-46442638.
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DewDiligence

05/17/14 4:44 PM

#178062 RE: biomaven0 #116047

…it violates one of my standard rules of biotech investing—don't invest in companies that change their name.

Should an exception be made for companies that change only the form of their name, keeping the same root? E.g. Incyte Pharmaceuticals became Incyte Genomics, which became Incyte Corporation (the current name).
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DewDiligence

09/03/14 11:15 AM

#181628 RE: biomaven0 #116047

Adherex (ADHXF, AHX.TO) implements 1:3 reverse split and changes name to Fennec Pharmaceuticals (FRX.TO):

http://finance.yahoo.com/news/adherex-announces-share-consolidation-name-142245055.html

I wonder if any investors will think FRX.TO is the Canadian ticker for Forest Labs, which is now part of Actavis.
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DewDiligence

09/09/14 8:35 AM

#181716 RE: biomaven0 #116047

Senesco Technologies is becoming Servion Technologies:

http://finance.yahoo.com/news/senesco-announces-corporate-rebranding-sevion-121500378.html

Senesco Technologies, Inc. (SNTI)…, a clinical-stage company which discovers, develops and acquires next-generation biologics for the treatment of cancer and immunological diseases, announced today a corporate rebranding under which the Company will change its name to Sevion Therapeutics, Inc. The Company will continue to trade as SNTI until a new ticker symbol is obtained.

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DFRAI

04/27/15 10:36 AM

#190517 RE: biomaven0 #116047

BiomavenO

Changing biotech name - absolute negative - do we allow for exceptions if science is good?

OCata (Ocat) had a name change recently and i bought into their story/science

1. Publication in Lancet - October 2014
2. Change in management
3. Uplisting to Nasdaq
4. Outside validation of their science by various worldwide scientists


In the past they had bad ceo, lack of financing, lawsuits to settle and some questionable press releases on their discovery/science to get financing

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DewDiligence

09/08/15 12:37 PM

#194833 RE: biomaven0 #116047

Trimer Pharmaceuticals is now called Acerus:

http://finance.yahoo.com/news/trimel-announces-corporate-name-change-152600939.html

Trimel Pharmaceuticals Corporation (TRL.TO) today announced that it has changed its corporate name to Acerus Pharmaceuticals Corporation (“Acerus”, pronounced ay-SAIR-us), effective immediately.

“We are very excited to officially launch our new corporate identity with a name that aligns to our Company’s value proposition,” said Tom Rossi, President and Chief Executive Officer of Acerus.

“The name Acerus is derived from the Latin root word acer, and conveys sharp minds and passionate, spirited action as embodied by our current leadership team, employees and partners. Acer is also the genus of trees commonly known as the maple, the official tree and symbol of Canada.”

LOL
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DewDiligence

12/17/15 10:05 AM

#198333 RE: biomaven0 #116047

Cortex (CORX) became RespireRx Pharmaceuticals effective yesterday:

http://finance.yahoo.com/news/cortex-pharmaceuticals-inc-announces-name-130000915.html

The new ticker will be either RSRX or RSPI.
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DewDiligence

12/22/15 12:04 PM

#198511 RE: biomaven0 #116047

MELA—>SSKN:

http://globenewswire.com/news-release/2015/12/22/797629/0/en/MELA-Sciences-Announces-Corporate-Name-Change-to-STRATA-Skin-Sciences-to-Reflect-Broader-Dermatology-Commitment.html

MELA Sciences, Inc. (Nasdaq:MELA), today announced that it will be changing its corporate name to STRATA Skin Sciences, Inc. effective Tuesday, January 5, 2016 and that it will trade under the symbol “SSKN” on the Nasdaq Stock Market.

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DewDiligence

01/08/16 11:50 AM

#198887 RE: biomaven0 #116047

Theravance (THRX) has been renamed Innoviva—will begin trading with ‘INVA’ symbol on 1/11/16:

http://finance.yahoo.com/news/theravance-inc-announces-name-change-130000166.html
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DewDiligence

03/28/16 1:12 PM

#200481 RE: biomaven0 #116047

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DewDiligence

06/08/16 9:07 AM

#201868 RE: biomaven0 #116047

ONTY—(which used to be BIOM)—changes name to Cascadian Therapeutics (CASC):

http://finance.yahoo.com/news/oncothyreon-announces-corporate-name-change-120000394.html

The track record for small biotechs who change their name two or more times is not good.
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DewDiligence

12/05/16 9:07 AM

#206619 RE: biomaven0 #116047

OCLS—>SNOA (Sonoma Pharmaceuticals) effective tomorrow:

http://finance.yahoo.com/news/oculus-innovative-sciences-announces-corporate-100500582.html

OCLSW (warrants) will trade under the symbol, SNOAW.
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DewDiligence

12/15/16 4:32 PM

#207036 RE: biomaven0 #116047

MDGN renamed Aevi Genomic Medicine—will trade as GNMX starting tomorrow:

http://finance.yahoo.com/news/medgenics-inc-announces-name-change-130000756.html
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DewDiligence

11/20/17 10:43 AM

#215321 RE: biomaven0 #116047

NVGN—>KZIA effective 11/24/17:

http://markets.businessinsider.com/news/stocks/Novogen-becomes-Kazia-Therapeutics-1008760824

That makes two corporate renames announced by biotech companies today—the other is PBMD (#msg- 136327042).
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DewDiligence

06/22/18 11:04 AM

#219759 RE: biomaven0 #116047

Alexo Therapeutics—>ANX Oncology—(private CD47 company):

https://www.businesswire.com/news/home/20180622005026/en

ALX Oncology is developing ALX148, a high affinity CD47 blocker currently in clinical development (https://www.clinicaltrials.gov/ct2/show/NCT03013218 ).

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DewDiligence

06/27/18 10:39 AM

#219819 RE: biomaven0 #116047

THR.BR—>OXUR (Oxurian) eff 7/27/18, subject to shareholder approval:

https://finance.yahoo.com/news/thrombogenics-plans-name-change-oxurion-053109096.html
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DewDiligence

07/30/18 11:45 AM

#220286 RE: biomaven0 #116047

APRI reverse-merges into Seelos Therapeutics (SEEL):

https://globenewswire.com/news-release/2018/07/30/1543853/0/en/Apricus-Biosciences-Inc-Announces-Merger-Agreement-with-Seelos-Therapeutics-Inc-to-Advance-Late-Stage-Pipeline-of-Products-for-Central-Nervous-System-CNS-Disorders.html

Apricus Biosciences, Inc. announced the signing of a definitive agreement to merge with Seelos Therapeutics, Inc., a privately-held biotechnology company, in an all-stock transaction. The merged company will focus on the development and commercialization of central nervous system (CNS) therapeutics with known mechanisms of action in areas with a highly unmet medical need.

Upon completion of the proposed merger, the name of the merged company will be Seelos Therapeutics, Inc., and the company is expected to begin trading on the Nasdaq Capital Market under the ticker symbol “SEEL.”

…On a pro forma and fully-diluted basis, Seelos shareholders are expected to own approximately 86% of the merged company and current Apricus shareholders are expected to own approximately 14% of the merged company…

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DewDiligence

09/28/18 9:34 AM

#221127 RE: biomaven0 #116047

ITUS—>ANIX effective at the open, Monday:

https://finance.yahoo.com/news/itus-corporation-changing-company-name-110000840.html

ITUS Corporation…a biotechnology company focused on using the body's immune system to fight cancer, today announced that on October 1, 2018, the Company will officially change its name to Anixa Biosciences, Inc. Effective at the start of trading on October 1, 2018, the Company's shares will trade on the NASDAQ Capital Market under the new name, and the new stock symbol will be "ANIX."

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DewDiligence

11/19/18 8:25 AM

#222370 RE: biomaven0 #116047

RXII—>PHIO effective immediately:

https://www.prnewswire.com/news-releases/rxi-pharmaceuticals-corporation-changes-name-to-phio-pharmaceuticals-corp-300752642.html

Phio Pharmaceuticals Corp. is a biotechnology company developing the next generation of immuno-oncology therapeutics based on its self-delivering RNAi (sd-rxRNA) therapeutic platform.

This is a simple renaming, not a reverse merger.
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DewDiligence

04/16/19 11:30 AM

#224681 RE: biomaven0 #116047

OPHT—>ISEE (Iveric Bio) at the open tomorrow:

https://www.businesswire.com/news/home/20190416005282/en

“We are excited about our re-branding and corporate name change reflecting our transition to a gene therapy focused company developing treatments for patients with orphan inherited retinal diseases,” stated Glenn P. Sblendorio, Chief Executive Officer and President of IVERIC bio.

In other words, they don’t want investors to be reminded of the Fovista failures.
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DewDiligence

01/02/20 10:07 AM

#227962 RE: biomaven0 #116047

XON—>PGEN (Precigen, Inc.)—new CEO—portfolio cleanup:

https://www.prnewswire.com/news-releases/intrexon-to-achieve-175m-cash-goal-appoints-helen-sabzevari-phd-as-new-president-and-ceo-and-will-change-name-to-precigen-to-reflect-healthcare-focus-300980434.html

Intrexon Corporation...announced today that it will refocus the company on healthcare, change its name to Precigen, Inc. and, effective immediately, has appointed Helen Sabzevari, PhD, as President and CEO.

The new Precigen will encompass Intrexon's wholly-owned healthcare subsidiaries Precigen, ActoBio Therapeutics, Exemplar Genetics, and its majority ownership interest in Triple-Gene, as well as equity and royalty interests in therapeutics and therapeutic platforms from companies not controlled by Intrexon. Randal J. Kirk has been appointed Executive Chairman.

Additionally, Intrexon has executed binding agreements to sell its smaller non-healthcare businesses for $65.2M plus certain contingent payment rights and entered into an agreement to sell $35M of its common stock. The proceeds from these transactions, combined with the company's cash and short-term investments on hand at December 31, 2019, approximates $175 million thus attaining Intrexon's year-end objective.

The new ticker symbol has not yet taken effect.
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DewDiligence

03/16/20 10:36 PM

#229291 RE: biomaven0 #116047

SPEX—>AIKI:

https://www.prnewswire.com/news-releases/spherix-completes-name-change-to-aikido-pharma-inc-301023121.html

Spherix Incorporated today announced it has completed its name change to AIkido Pharma Inc. and now trades under the ticker "AIKI". The name change reflects company's increased focus on the use of Artificial Intelligence and Machine Learning (AI and ML) in the drug development space.

No comment.
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DewDiligence

04/17/20 10:51 AM

#231058 RE: biomaven0 #116047

Bioncotech—>Highlight Therapeutics:

https://www.globenewswire.com/news-release/2020/04/17/2017827/0/en/Highlight-Therapeutics-announces-name-change-from-Bioncotech-and-launch-of-new-website.html

If you’re going to change the corporate name, you ought to come up with something better than the generic-sounding, Highlight Therapeutics, which is as lame a name as the NBA’s “Nets” (IMO).
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DewDiligence

05/06/20 11:27 AM

#232012 RE: biomaven0 #116047

TROV—>CRDF (effective 5/8/20):

https://www.prnewswire.com/news-releases/trovagene-announces-changing-of-company-name-to-cardiff-oncology-and-appointment-of-mark-erlander-phd-as-chief-executive-officer-301053690.html

New corporate name, Cardiff Oncology, reflects the Company's mission and commitment to turning the tide on cancer by developing new treatment options for cancer patients

A truly unique corporate mission!
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DewDiligence

11/10/20 8:59 AM

#235532 RE: biomaven0 #116047

AXGT—>SIOX (Sio Gene Therapies)—effective_at_11/16/20_open:

https://finance.yahoo.com/news/axovant-gene-therapies-announces-name-120000805.html

AXGT wants to no longer be considered a “vant” company, although Roivant is still the largest shareholder with an equity stake of about 30%.
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DewDiligence

11/16/20 9:49 AM

#235673 RE: biomaven0 #116047

RTRX—>TVTX (Travere Therapeutics) effective 11/19/20:

https://www.globenewswire.com/news-release/2020/11/16/2127259/0/en/Retrophin-Announces-Corporate-Name-Change-to-Travere-Therapeutics-Inc.html

The Retrophin name still carries some baggage, evidently.