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ARYx Therapeutics (ARYX) Updates on NASDAQ Listing

December 27, 2010 6:53 AM EST
ARYx Therapeutics, Inc. (Nasdaq: ARYX) update on the status of thier NASDAQ listing.

ARYX said, "The NASDAQ Staff has requested additional clarification about the Company’s operations in conjunction with their on-going consideration of the Company’s eligibility for continued listing on The NASDAQ Capital Market. ARYx remains operational, with specific activities underway, which are designed to further the development and approval of naronapride, and to enhance the value of the Company’s assets. In addition, four officers of ARYx remain in their respective roles as officers, appointed by the board of directors to operate the company in good standing. The officers’ duties, as specified in the ARYx Charter, remain unchanged by the recent reorganization, including the change in their compensation methodology."


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