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| ONCX Completes Uplisting Process Now on OTC QB |
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 Hot Stock to Watch |
Company: Oncolix, Inc. (Pink Sheets: ONCX)
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Last:
Price: 0.0575
Change (%): + 0.0075 (15.08)
Volume: 57,388 |
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Oncolix, Inc., Announces Approval for Listing on OTC-QB
OTC-QB listing becomes effective at opening of trading on December 19, 2017
HOUSTON, Dec. 18, 2017 (GLOBE NEWSWIRE) - Oncolix, Inc., (OTC PINK:ONCX) announced today that the Company has been given approval by the OTC Markets to be listed and traded on the OTC-QB effective at the opening of trading on December 19, 2017.
“Our listing on the OTC-QB marks the end of the Company’s transition from Advanced Environmental Petroleum Producers (AEPP) to Oncolix, which has included our merger into AEPP, stock ticker and name change, new additions to the Company’s Board of Directors and an extensive review process by the Financial Industry Regulatory Authority (FINRA),” said Michael T. Redman, chief executive officer of Oncolix. “Completion of these objectives will now allow us to shift our focus toward advancing our clinical-stage asset, Prolanta™ in development for ovarian cancer. The next phase in the Company’s development will also be, to continue strengthening our public company infrastructure including the creation of a Scientific/Clinical Advisory board. This will be crucial in providing guidance for the continued development of Prolanta™ through the clinical trial process as well as advancing future therapeutic candidates.”
About Oncolix
Oncolix is a clinical-stage biotechnology company developing Prolanta™ for the treatment of ovarian, uterine, breast and other cancers. The Company has a US FDA-cleared IND to commence human testing of Prolanta™ in its first indication, the treatment of ovarian cancer. This Phase 1 clinical trial is currently in progress. Prolanta™ is a prolactin receptor antagonist (or blocker) that has demonstrated efficacy in xenograft models through a unique mechanism of action, autophagy. In addition to ovarian cancer, there is strong preclinical evidence Prolanta™ may be effective in breast, prostate and other cancers. In the current Phase 1 dose-escalation safety trial for the treatment of ovarian cancer, to date there have been no observed serious adverse events and no dose-limiting toxicities. The FDA has approved the designation of Prolanta™ as an Orphan Drug for the treatment of ovarian cancer, which may result in reduced filing fees (currently 2 million dollars), federal tax credits and marketing exclusivity.
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