Overview
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- TickerOTLC on OTC1
- IndustryPharmaceutical Preparations1
- HeadquartersAguora Hills, California1
- Incorporated inDE2
- Business address29397 Agoura Rd., #107, Aguora Hills, Ca 913012
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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COVID-19, on its own and in conjunction with other compounds. This is being advanced through our JV.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Research and development6¢$61.1K
- Interest94¢$1.0M
Out of $70.0K in revenue.45 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.11
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development | $4.4K | |
| General and administrative | $3.2M | $376.0K |
| Goodwill impairment (See note 2 and 3) | $3.2M | |
| Total operating expenses | $3.2M | $3.6M |
| Income/(Loss) from operations | -$3.2M | -$3.6M |
| Change in fair value of investment in GMP Bio | $365.3M | |
| Interest expense, net | -$885.5K | -$857.7K |
| Reimbursement for expenses - related party | $22.9K | |
| Change in fair value of derivative on debt | $353.6K | -$280.4K |
| Loss on debt conversion | -$1.1M | -$88.3K |
| Miscellaneous income | $5.6K | |
| Total other income (expense) | $363.8M | -$1.2M |
| Net income (loss) before income taxes | $360.6M | -$4.8M |
| Provision for income taxes | -$111.5M | |
| Net income (loss) after income taxes before non-controlling interests | $249.0M | -$4.8M |
| Net loss attributable to non-controlling interests | -$254.9K | -$255.5K |
| Net income (loss) attributable to Oncotelic Therapeutics, Inc. | $249.3M | -$4.5M |
| Basic net income (loss) per share attributable to common stock | $0.59 | $0.01 |
| Basic weighted average common stock outstanding | 421.0M shares | 404.4M shares |
| Basic and diluted net income (loss) per share attributable to common stock | $0.59 | -$0.01 |
| Basic and diluted weighted average common stock outstanding | 422.2M shares | 404.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.11
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $88.9K | $86.1K | |
| Restricted cash | $20.0K | $20.0K | |
| Accounts receivable | $51.3K | $19.0K | |
| Prepaid & other current assets | $1.0M | $9.1K | |
| Total current assets | $1.2M | $134.2K | |
| In process R&D | $1.1M | $1.1M | |
| Goodwill, net | $2.8M | $2.8M | $6.0M |
| Investment in GMP Bio at fair value | $388.0M | $22.7M | |
| Total assets | $393.1M | $26.7M | |
| Accounts payable and accrued liabilities | $2.6M | $2.4M | |
| Contingent Consideration | $2.6M | $2.6M | |
| Derivative liability on notes | $350.0K | $703.6K | |
| Total current liabilities | $18.1M | $19.2M | |
| Deferred income tax liability | $111.5M | ||
| Total liabilities | $131.4M | $19.2M | |
| Convertible Preferred stock, $0.01 par value, 15,000,000 shares authorized; 24.388 and 0 shares issued and outstanding | $244 | ||
| Common stock, $.01 par value; 750,000,000 shares authorized; 442,596,856 and 407,289,618 issued and outstanding, respectively | $4.4M | $4.1M | |
| Additional paid-in capital | $47.1M | $42.2M | |
| Accumulated equity (deficit) | $211.2M | -$38.0M | |
| Total Oncotelic Therapeutics, Inc. stockholders equity | $262.8M | $8.3M | |
| Non-controlling interests | -$1.0M | -$774.1K | |
| Total stockholders equity | $261.7M | $7.5M | $11.6M |
| Total liabilities and stockholders equity | $393.1M | $26.7M | |
| Preferred stock, par value | $0.01 | $0.01 | |
| Preferred stock, shares authorized | 15.0M shares | 15.0M shares | |
| Preferred stock, shares issued | 24 shares | 0 shares | |
| Preferred stock, shares outstanding | 24 shares | 0 shares | |
| Common stock, par value | $0.01 | $0.01 | |
| Common stock, shares authorized | 750.0M shares | 750.0M shares | |
| Common stock, shares issued | 442.6M shares | 407.3M shares | |
| Common stock, shares outstanding | 442.6M shares | 407.3M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $88.9K | $86.1K | |
| Restricted cash | $20.0K | $20.0K | |
| Accounts receivable | $51.3K | $19.0K | |
| Prepaid & other current assets | $1.0M | $9.1K | |
| Total current assets | $1.2M | $134.2K | |
| In process R&D | $1.1M | $1.1M | |
| Goodwill, net | $2.8M | $2.8M | $6.0M |
| Investment in GMP Bio at fair value | $388.0M | $22.7M | |
| Total assets | $393.1M | $26.7M | |
| Accounts payable and accrued liabilities | $2.6M | $2.4M | |
| Contingent Consideration | $2.6M | $2.6M | |
| Derivative liability on notes | $350.0K | $703.6K | |
| Total current liabilities | $18.1M | $19.2M | |
| Deferred income tax liability | $111.5M | ||
| Total liabilities | $131.4M | $19.2M | |
| Convertible Preferred stock, $0.01 par value, 15,000,000 shares authorized; 24.388 and 0 shares issued and outstanding | $244 | ||
| Common stock, $.01 par value; 750,000,000 shares authorized; 442,596,856 and 407,289,618 issued and outstanding, respectively | $4.4M | $4.1M | |
| Additional paid-in capital | $47.1M | $42.2M | |
| Accumulated equity (deficit) | $211.2M | -$38.0M | |
| Total Oncotelic Therapeutics, Inc. stockholders equity | $262.8M | $8.3M | |
| Non-controlling interests | -$1.0M | -$774.1K | |
| Total stockholders equity | $261.7M | $7.5M | $11.6M |
| Total liabilities and stockholders equity | $393.1M | $26.7M | |
| Preferred stock, par value | $0.01 | $0.01 | |
| Preferred stock, shares authorized | 15.0M shares | 15.0M shares | |
| Preferred stock, shares issued | 24 shares | 0 shares | |
| Preferred stock, shares outstanding | 24 shares | 0 shares | |
| Common stock, par value | $0.01 | $0.01 | |
| Common stock, shares authorized | 750.0M shares | 750.0M shares | |
| Common stock, shares issued | 442.6M shares | 407.3M shares | |
| Common stock, shares outstanding | 442.6M shares | 407.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.11
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $249.0M | -$4.8M |
| Goodwill impairment | $3.2M | |
| Amortization of debt discount and deferred finance costs | $198.1K | $122.1K |
| Change in fair value of investment in GMP Bio | -$365.3M | |
| Deferred income taxes | $111.5M | |
| Stock compensation expense | $2.4M | |
| Loss on debt conversion | $1.1M | $88.3K |
| Change in fair value of derivative | -$353.6K | $280.4K |
| Prepaid expenses and other current assets | $657 | $53.2K |
| Accounts payable and accrued expenses | $103.7K | $293.2K |
| Accounts payable to related party | $2.1K | $2.0K |
| Net cash used in operating activities | -$1.4M | -$740.3K |
| Net proceeds from convertible debt | $478.0K | |
| Proceeds from short term loans, others | $907.9K | $656.0K |
| Net cash provided by financing activities | $1.4M | $656.0K |
| Net increase (decrease) in cash | $2.7K | -$84.3K |
| Interest paid | $370.0K | $365.9K |
| Income taxes paid | $1.6K | $1.6K |
| Common shares issued upon partial conversion of debt | $479.6K | $645.4K |
No quarter-by-quarter statement was filed.
What it owns
What Oncotelic Therapeutics, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Intangibles and goodwill
Properties, in its own words
Our office is located in Agoura Hills, California, where we lease about 2,000 square feet of general office space. The lease for this office is on a month-to-month basis. We consider our office space to be adequate for our current needs. We believe that other suitable office space would be available if we moved to a different location upon the expiration of our current lease.
Item 2 of the 10-K filed Apr 15, 2026.3
Leadership
Who has led Oncotelic Therapeutics, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
Chief operating officer
- Chief executive officerVuong Trieu May 2, 2019 to now12
- Chief executive officerWilliam D. Schwieterman May 29, 2015 to Jun 22, 201813
- Chief executive officerDavid Chaplin May 19, 2014 to May 19, 201414
- Chief executive officerPeter Langecker Apr 29, 2010 to Aug 9, 201315
- Chief executive officerJohn A. Kollins Dec 18, 2008 to Jan 22, 200916
- Chief executive officerRichard Chin Jul 7, 2006 to Jan 15, 200817
- ChairVuong Trieu May 2, 2019 to now12
- PresidentWilliam D. Schwieterman May 29, 2015 to Jun 22, 201813
- PresidentDavid Chaplin May 19, 2014 to May 19, 201414
- PresidentRichard Chin Jul 7, 2006 to Jan 15, 200817
- Chief financial officerMatthew M. Loar Jul 20, 2015 to Jun 22, 201818
- Chief financial officerBarbara Riching Feb 28, 2013 to May 29, 201519
- Chief financial officerDavid Louis Johnson Apr 3, 2012 to Apr 3, 201220
- Chief financial officerJames B. Murphy Jun 16, 2006 to Sep 17, 201021
- Chief operating officerScott Young Jun 16, 2006 to Jun 16, 200622
Board members and other officers (33)
- CRO/CMOSeymour Howard Fein Jul 23, 2026 to now23
- CHIEF CLINICAL OFFICERAnthony E. Maida Iii. Jul 16, 2021 to now24
- CHIEF BUSINESS OFFICERSaran Saund Jul 16, 2021 to now25
- Chief Technical OfficerChulho Park May 2, 2019 to Nov 23, 202026
- Chief Medical OfficerFatih Uckun May 2, 2019 to May 2, 201927
- ControllerPamela Ha Jun 12, 2015 to Jun 12, 201528
- Dir. of Finance, Interim PFOBarbara Riching Jul 31, 2012 to Jul 31, 201229
- Chief Development OfficerPeter Langecker Jun 30, 2009 to Jun 30, 200930
- Chief Scientific OfficerDavid Chaplin Feb 6, 2007 to Jan 13, 201731
- Sr. VP, Chief Business OfficerJohn A. Kollins Mar 5, 2007 to May 1, 200732
- VP and Chief Medical OfficerPatricia A. Walicke Aug 6, 2007 to Jan 22, 200933
- Board memberVuong Trieu Sep 8, 2021 to Sep 8, 202134
- Board memberAnthony E. Maida Iii. May 21, 2020 to now35
- Board memberSimon Pedder Mar 23, 2016 to Jun 22, 201836
- Board memberBobby W. Sandage Phd. Oct 27, 2016 to Jun 22, 201837
- Board memberDonald Rogers Reynolds Oct 27, 2016 to Jun 22, 201838
- Board memberFrederick W. Driscoll Jan 6, 2014 to Jun 3, 201639
- Board memberGerald McMahon Phd. Sep 12, 2011 to Jun 3, 201640
- Board memberTamar D. Howson Apr 6, 2010 to May 29, 201541
- Board memberPeter Langecker Apr 29, 2010 to Aug 9, 201315
- Board memberHarri Taranto V. Aug 12, 2009 to Aug 12, 200942
- Board memberAlastair Jj Wood Oct 31, 2008 to Jul 2, 201343
- Board memberMark Kessel Oct 31, 2008 to Apr 12, 201244
- Board memberJohn A. Kollins Dec 18, 2008 to Jan 22, 200916
- Board memberDavid Chaplin Feb 6, 2007 to Jun 22, 201831
- Board memberRoy H. Fickling Jun 28, 2007 to Jan 4, 201145
- Board memberWilliam D. Schwieterman Jun 28, 2007 to Jun 22, 201846
- Board memberArthur B. Laffer Mar 6, 2006 to Jan 5, 201047
- Board memberJoel Tomas Citron Mar 8, 2006 to Nov 22, 200648
- Board memberPer Olof Soderberg Mar 17, 2006 to Dec 18, 200649
- Board memberRichard Zecher Apr 4, 2006 to Apr 4, 200650
- Board memberRichard Chin Jul 7, 2006 to Jan 15, 200817
- Board memberWilliam N. Shiebler Aug 2, 2006 to Nov 2, 201151
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
Timeline
- Oct 13, 20268-K Other events54
- Aug 4, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares55
- Jul 14, 20268-K Unregistered sale of shares; Executive or director change56
- Jul 14, 20268-K Other events57
- Jun 29, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares58
- May 5, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares59
- Apr 16, 20268-K Other events60
- Apr 2, 20268-K Entered a material agreement; Other events61
- Mar 30, 20268-K Other events62
- Mar 30, 20268-K Other events63
- Jan 29, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares64
- Jan 26, 20268-K Entered a material agreement; Executive or director change65
- May 2, 2019New chief executive Vuong Trieu becomes CEO12
- May 29, 2015New chief executive William D. Schwieterman becomes CEO13
- May 19, 2014New chief executive David Chaplin becomes CEO14
- Apr 29, 2010New chief executive Peter Langecker becomes CEO15
- Dec 18, 2008New chief executive John A. Kollins becomes CEO16
- Jul 7, 2006New chief executive Richard Chin becomes CEO17
Calendar
When it reported results
- Nov 24, 2021Reported quarterly or annual results66
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
136 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 55 major events, 25 insider forms, 3 private raises, 32 other. The latest 20:
- Oct 13, 20268-K EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
- Jul 23, 20264 EDGAR
- Jul 22, 2026D EDGAR
- Jul 21, 20264 EDGAR
- Jul 14, 20268-K EDGAR
- Jul 14, 20268-K EDGAR
- Jul 14, 20264 EDGAR
- Jul 14, 20264 EDGAR
- Jul 14, 20264 EDGAR
- Jul 14, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jun 29, 20268-K EDGAR
- Jun 24, 20264 EDGAR
- Jun 22, 20264 EDGAR
- Jun 17, 20264 EDGAR
- May 14, 202610-Q EDGAR
- May 5, 20268-K EDGAR
- Apr 16, 20268-K EDGAR
The 136 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
25 open-market trades by officers, directors and large owners since October 2021: 25 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 1, 2026 | Trieu VuongCHAIRMAN AND CEO | Buy | 240,000 | $0.04 | $9.6K | Form 4 |
| Jun 24, 2026 | Trieu VuongCHAIRMAN AND CEO | Buy | 115,000 | $0.05 | $5.8K | Form 4 |
| Jun 23, 2026 | Trieu VuongCHAIRMAN AND CEO | Buy | 75,000 | $0.05 | $3.8K | Form 4 |
| Jun 22, 2026 | Trieu VuongCHAIRMAN AND CEO | Buy | 65,000 | $0.05 | $3.2K | Form 4 |
| Jun 22, 2026 | Shah Amit B.CFO | Buy | 20,000 | $0.05 | $1.0K | Form 4 |
| Jun 17, 2026 | Trieu VuongCHAIRMAN AND CEO | Buy | 239,759 | $0.04 | $9.6K | Form 4 |
| Jun 15, 2026 | Trieu VuongCHAIRMAN AND CEO | Buy | 96,000 | $0.05 | $4.8K | Form 4 |
| Jul 10, 2025 | Trieu VuongCHAIRMAN AND CEO | Buy | 104,000 | $0.01 | $1.0K | Form 4 |
| Jul 9, 2025 | Trieu VuongCHAIRMAN AND CEO | Buy | 1 | $0.01 | Form 4 | |
| Jul 8, 2025 | Trieu VuongCHAIRMAN AND CEO | Buy | 94,736 | $0.01 | $947 | Form 4 |
| Jan 31, 2025 | Trieu VuongCHAIRMAN AND CEO | Buy | 63,775 | $0.03 | $1.9K | Form 4 |
| Jan 30, 2025 | Trieu VuongCHAIRMAN AND CEO | Buy | 100,003 | $0.03 | $3.0K | Form 4 |
| Jan 29, 2025 | Trieu VuongCHAIRMAN AND CEO | Buy | 183,066 | $0.03 | $5.5K | Form 4 |
| Nov 22, 2024 | Trieu VuongCHAIRMAN AND CEO | Buy | 298,499 | $0.03 | $9.0K | Form 4 |
| Aug 23, 2024 | Trieu VuongCHAIRMAN AND CEO | Buy | 500,000 | $0.02 | $10.0K | Form 4 |
| Jun 29, 2023 | Trieu VuongCHAIRMAN AND CEO | Buy | 425,000 | $0.02 | $8.5K | Form 4 |
| Jun 28, 2023 | Trieu VuongCHAIRMAN AND CEO | Buy | 75,000 | $0.03 | $2.2K | Form 4 |
| Jun 16, 2023 | Trieu VuongCHAIRMAN AND CEO | Buy | 100,000 | $0.03 | $3.0K | Form 4 |
| Jun 14, 2023 | Trieu VuongCHAIRMAN AND CEO | Buy | 400,000 | $0.03 | $12.0K | Form 4 |
| May 26, 2023 | Trieu VuongCHAIRMAN AND CEO | Buy | 126,888 | $0.03 | $3.8K | Form 4 |
All 25 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
SEC filer profile
How Oncotelic Therapeutics, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAROncotelic Therapeutics, Inc.1
- CIK0000908259
- Employer ID (EIN)13-36791683
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)2834 Pharmaceutical Preparations1
- SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
- Business address29397 Agoura Rd., #107, Aguora Hills, CA 913011
- Phone650-635-70001
- Shares outstanding457,512,796 as of Aug 13, 20269
- Public float$9.1M as of Jun 30, 20253
- AuditorRose, Snyder & Jacobs LLP, Encino, CA PCAOB ID 468; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceApr 4, 19961
- Filings1,216 in all: 8-K (378), 4 (249), 10-Q (92), 3 (34), 10-K (30), DEF 14A (29), 424B3 (27), EFFECT (25)1
All 49 form types
SC 13G/A (23), UPLOAD (23), 4/A (21), 5 (20), CORRESP (20), 424B5 (16), 8-K/A (16), PRE 14A (16), S-3 (16), S-8 (16), DEFA14A (13), SC 13G (13), 10-K/A (12), NT 10-Q (12), POS AM (10), S-3/A (10), 425 (9), NT 10-K (9), S-1/A (9), SC 13D/A (9), D (8), SC 13D (8), S-1 (7), 10-Q/A (6), FWP (4), CT ORDER (3), DEFR14A (3), PRER14A (3), 424B2 (2), ARS (2), REGDEX (2), RW (2), 25-NSE (1), 424B4 (1), 424B7 (1), 8-A12G (1), PRE 14C (1), PRER14C (1), S-1MEF (1), S-4 (1), S-8 POS (1)
- Latest filingsAnnual report (10-K) Apr 15, 2026
Quarterly report (10-Q) Aug 13, 2026
Proxy statement (DEF 14A) Jun 25, 2020
Latest 8-K (8-K) Oct 13, 2026
Risk factors and legal proceedings
The risks Oncotelic Therapeutics, Inc. names in Item 1A of its 10-K filed Apr 15, 2026: 37 risks under these headings, as written.3
- RISKS RELATED TO OUR INVESTMENTS
- Our principal asset is our minority investment in a JV, which makes an evaluation of our financial condition more difficult for investors.
- The JV is a pre-revenue life sciences venture that is difficult to value, and changes in development results, market conditions, valuation methodology or assumptions could result in material impairment charges, significant volatility in our financial results and/or a material reduction in our reported asset values.
- A material amount of our assets represents intangible assets, and our net income would be reduced, or our net loss would be increased, if our intangible assets became impaired.
- RISKS RELATED TO OUR FINANCIAL CONDITION
- If we are unable to obtain additional funding, we may be forced to cease operations.
- The JV may not be able to successfully complete its planned IPO which could reduce its access to capital and may impair the value of our investment in the JV.
- Due in part to our limited financial resources, we may fail to select or capitalize on the most scientifically, clinically or commercially promising or profitable indications or therapeutic areas for our product candidates, and we may be unable to pursue and complete the clinical trials that we would like to pursue and complete.
- RISKS RELATED TO OUR BUSINESS AND INDUSTRY
- We may encounter difficulties in expanding our operations successfully if and when we evolve from a company that is primarily involved in clinical development to a company that is also involved in commercialization.
- We have no manufacturing capacity and have relied on, and expect to continue to rely on, third-party manufacturers to produce our product candidates.
- Our product candidates have not completed clinical trials and may never demonstrate sufficient safety and efficacy in order to do so.
The other 28 risks
- Our industry is highly competitive, and our product candidates may become obsolete.
- If clinical trials or regulatory approval processes for our product candidates are prolonged, delayed or suspended, we may be unable to out-license or commercialize our product candidates on a timely basis, which would require us to incur additional costs and delay or prevent our receipt of any proceeds from potential license agreements or product sales.
- If physicians and patients do not accept our future products or if the market for indications for which any product candidate is approved is smaller than expected, we may be unable to generate significant revenue, if any.
- The uncertainty associated with pharmaceutical reimbursement and related matters may adversely affect our business.
- We rely on a limited number of employees at the JV to manage and operate our business.
- We depend on our executive officers and principal consultants and the loss of their services could materially harm our business.
- Our business and operations could suffer in the event of system failures.
- REGULATORY AND LEGAL RISKS
- If we are unable to obtain required regulatory approvals, we will be unable to market and sell our product candidates.
- If we or the third parties on which we rely for the conduct of our clinical trials do not perform our clinical trial activities in accordance with good clinical practices and related regulatory requirements, we may not be able to obtain regulatory approval for or commercialize our product candidates.
- The use of our products may result in product liability exposure, and it is uncertain whether our insurance coverage will be sufficient to cover all claims.
- We and the JV intend to take advantage of regulatory pathways to accelerate product candidate development, and failure to secure such pathways would result in increased product development costs and longer regulatory approval as we seek to commercialize our product candidates.
- We have been granted orphan drug status for certain of our product candidates and may seek orphan drug status for additional indications for those product candidates or for additional product candidates. We may be unsuccessful in maintaining orphan drug exclusivity for our product candidates and may be unsuccessful in our efforts to seek orphan drug status and orphan drug exclusivity.
- Our product candidates will remain subject to ongoing regulatory review even if they receive marketing approval, and if we fail to comply with continuing regulations, we could lose these approvals and the sale of any approved commercial products could be suspended.
- Our employees, principal investigators, CROs and consultants may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements and insider trading.
- RISKS RELATED TO INTELLECTUAL PROPERTY
- We depend extensively on the patents and proprietary technology we license from others, and we must maintain these licenses in order to preserve our business.
- We depend on patents and proprietary technology in the course of our business, and we must protect those assets in order to preserve our business.
- RISKS RELATED TO OUR COMMON STOCK
- The price of our common stock is volatile and is likely to continue to fluctuate due to reasons beyond our control.
- A limited trading market may increase the volatility of trading in our stock.
- Our common stock is currently subject to the “Penny Stock” Rules of the SEC and the trading market in our securities is limited, which makes transactions in our stock cumbersome and may reduce the value of an investment in our stock.
- We may not be able to achieve secondary trading of our stock in certain states because our common stock is no longer nationally traded, which could subject our stockholders to significant restrictions and costs.
- We may not be able to uplist our stock to a national stock exchange which could subject our stockholders to significant restrictions and costs.
- If we fail to maintain an effective system of internal controls over financial reporting, we may not be able to accurately report our financial results. As a result, current and potential stockholders could lose confidence in our financial reporting, which could harm our business and the trading price of our stock.
- Issuance of additional equity securities may adversely affect the market price of our common stock.
- We have no plans to pay dividends on our common stock, and you may not receive funds without selling your common stock.
- RISKS RELATED TO MAST HILL EQUITY LINE
- Mast Hill’s sales of our Shares into the open market may cause material decreases in our stock price.
- Funding from our Equity Purchase Agreement with Mast Hill will be limited by our current shares outstanding and may be insufficient to fund our operations or to implement our strategy.
- The sale or issuance of our common stock to Mast Hill at a discount may cause substantial dilution and the resale of the shares of common stock by Mast Hill into the public market, or the perception that such sales may occur, could cause the price of our common stock to fall.
- We may use the net proceeds from sales of our common stock to Mast Hill pursuant to the Equity Purchase Agreement in ways with which you may disagree.
- Cautionary Note
Legal proceedings
From time to time, we may become involved in legal proceedings arising in the ordinary course of our business. Historically, the outcome of all such legal proceedings has not, in the aggregate, had a material adverse effect on our business, financial condition, results of operations or liquidity. There are no material pending or threatened legal proceedings at this time.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 12SEC EDGARVuong Trieu, Chief executive officer
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- 21
- 22SEC EDGARScott Young, Chief operating officer
- 23SEC EDGARSeymour Howard Fein, CRO/CMO
- 24
- 25SEC EDGARSaran Saund, CHIEF BUSINESS OFFICER
- 26SEC EDGARChulho Park, Chief Technical Officer
- 27SEC EDGARFatih Uckun, Chief Medical Officer
- 28SEC EDGARPamela Ha, Controller
- 29
- 30
- 31
- 32
- 33
- 34SEC EDGARVuong Trieu, Board member
- 35SEC EDGARAnthony E. Maida Iii., Board member
- 36SEC EDGARSimon Pedder, Board member
- 37SEC EDGARBobby W. Sandage Phd., Board member
- 38SEC EDGARDonald Rogers Reynolds, Board member
- 39SEC EDGARFrederick W. Driscoll, Board member
- 40SEC EDGARGerald McMahon Phd., Board member
- 41SEC EDGARTamar D. Howson, Board member
- 42SEC EDGARHarri Taranto V., Board member
- 43SEC EDGARAlastair Jj Wood, Board member
- 44SEC EDGARMark Kessel, Board member
- 45SEC EDGARRoy H. Fickling, Board member
- 46
- 47SEC EDGARArthur B. Laffer, Board member
- 48SEC EDGARJoel Tomas Citron, Board member
- 49SEC EDGARPer Olof Soderberg, Board member
- 50SEC EDGARRichard Zecher, Board member
- 51SEC EDGARWilliam N. Shiebler, Board member
- 52
- 53
- 54SEC EDGAROther events
- 55
- 56
- 57SEC EDGAROther events
- 58
- 59
- 60SEC EDGAROther events
- 61
- 62SEC EDGAROther events
- 63SEC EDGAROther events
- 64
- 65
- 66