Apollomics Inc. confirms compliance with Nasdaq listing requirements, allowing continued trading of its securities.
Quiver AI Summary
Apollomics Inc. announced that it has received notification from Nasdaq that it is now in compliance with the continued listing requirements, canceling its planned appeal hearing related to a previous delisting notification. This decision allows the company, which focuses on developing oncology therapies, to remain listed on The Nasdaq Stock Market. Apollomics' lead drug candidate, vebreltinib, is a selective c-Met inhibitor currently undergoing clinical trials for treating non-small cell lung cancer and other tumors with c-Met alterations. The company emphasizes that the statements in the release are forward-looking and subject to risks and uncertainties, prompting potential investors to review their risk factors as detailed in their filings with the SEC.
Potential Positives
- Apollomics was notified by Nasdaq that it is in compliance with continued listing requirements, allowing its securities to remain traded on The Nasdaq Stock Market.
- The cancellation of the appeal hearing signifies stability in the company's listing status, which can positively influence investor confidence.
- Maintaining its Nasdaq listing may enhance Apollomics’ visibility and credibility in the biopharmaceutical industry, facilitating future fundraising and partnership opportunities.
Potential Negatives
- The press release highlights that Apollomics was at risk of delisting from Nasdaq, suggesting potential financial instability and compliance issues prior to resolving the situation.
- The inclusion of forward-looking statements indicates uncertainty regarding the company's future performance, which may cause concern among investors.
- The risk factors mentioned refer to potential unknown challenges, implying that the company's future could be jeopardized by unforeseen circumstances.
FAQ
What recent decision did Nasdaq make regarding Apollomics?
Nasdaq determined that Apollomics is now in compliance with continued listing requirements, allowing its securities to remain listed.
How does Apollomics plan to address cancer treatment?
Apollomics develops oncology therapies, particularly focusing on treatment-resistant cancers and utilizing the immune system.
What is Apollomics' lead drug candidate?
Apollomics' lead drug candidate is vebreltinib (APL-101), a selective c-Met inhibitor targeting non-small cell lung cancer.
When is the clinical trial for vebreltinib taking place?
The Phase 2 multicohort clinical trial for vebreltinib is currently ongoing in the U.S. and other countries.
Where can I find more information about Apollomics?
Additional information about Apollomics and its developments can be found on their official website, www.apollomicsinc.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
FOSTER CITY, Calif., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Apollomics Inc. (Nasdaq: APLM) (“Apollomics” or the “Company”), a California based late-stage clinical biopharmaceutical company developing multiple oncology drug candidates to address difficult-to-treat and treatment-resistant cancers, had previously announced that it had filed an application to appeal the delisting notification previously received from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market, LLC (“Nasdaq”) and request a hearing before a Nasdaq Hearings Panel to review the Staff’s delisting determination. The Company today announced that it had received a letter from Nasdaq on October 14, 2025, notifying Apollomics the Staff had determined that the Company is in compliance with Nasdaq’s continued listing requirements. Accordingly, Nasdaq has cancelled its appeal hearing and the Company’s securities will remain listed and continue to trade on The Nasdaq Stock Market.
About Apollomics Inc.
Apollomics Inc. is an innovative clinical-stage biopharmaceutical company focused on the discovery and development of oncology therapies with the potential to be combined with other treatment options to harness the immune system and target specific molecular pathways to inhibit cancer. Apollomics’ lead program is vebreltinib (APL-101), a potent, selective c-Met inhibitor for the treatment of non-small cell lung cancer and other advanced tumors with c-Met alterations, which is currently in a Phase 2 multicohort clinical trial in the United States and other countries. For more information, please visit www.apollomicsinc.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes statements that constitute “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of present or historical fact included in this press release, regarding Apollomics’ strategy, prospects, plans, objectives and anticipated outcomes from the development and commercialization of vebreltinib, future proceedings with respect to the Cayman Litigation, or the appeal of, response to, or outcome of the Nasdaq delisting notification, are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “seek,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. In addition, Apollomics cautions you that the forward-looking statements contained in this press release are subject to unknown risks, uncertainties and other factors, including those risks and uncertainties discussed in the Annual Report on Form 20-F for the year ended December 31, 2024, filed by Apollomics Inc. with the U.S. Securities and Exchange Commission (“SEC”) under the heading “Risk Factors” and the other documents filed, or to be filed, by Apollomics with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that Apollomics has filed and will file from time to time with the SEC. Forward-looking statements speak only as of the date made by Apollomics. Apollomics undertakes no obligation to update publicly any of its forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law.