Sigyn Therapeutics to Commence Trading on the OTCQB® Venture Exchange
Sigyn Therapeutics, Inc. (OTCQB: SIGY) has commenced trading on the OTCQB® Venture Exchange, moving from the OTC Pink Market. This transition aligns with the company's goal of listing on a major exchange. Sigyn Therapeutics is advancing Sigyn Therapy™, a blood purification technology designed to extract infectious pathogens and inflammatory mediators. The technology targets conditions such as sepsis and end-stage renal disease. CEO Jim Joyce emphasized the significance of this development as part of the company's evolution.
- Transition to OTCQB could enhance visibility and attract more investors.
- Sigyn Therapy™ addresses critical healthcare challenges, potentially increasing demand.
- Current business is still development-stage, indicating inherent risks.
- Need for successful clinical advancement of Sigyn Therapy to achieve market clearance.
SAN DIEGO, CA, Aug. 03, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Sigyn Therapeutics, Inc. (OTCQB: SIGY), a development-stage medical technology company focused on addressing unmet needs in global health, announces that its securities will commence trading on the OTCQB® Venture Exchange at the open of today’s market. The Company’s securities, which previously traded on the OTC Pink Market, will continue to trade under the ticker symbol "SIGY".
To address unmet needs in global health, the Company is advancing Sigyn Therapy™, a broad-spectrum blood purification technology that extracts infectious viruses, bacterial toxins, and life-threatening inflammatory mediators from the bloodstream. Candidate treatment opportunities include sepsis (leading cause of hospital deaths), community acquired pneumonia (a leading cause of infectious disease deaths), emerging pandemic threats, and end-stage renal disease (ESRD) inflammation and endotoxemia.
“In parallel with our advancement of Sigyn Therapy, the graduation of our securities to the OTCQB is a natural evolution in our pursuit to list on a major exchange,” stated Jim Joyce, co-founder and CEO of Sigyn Therapeutics. “We thank the team at OTC Markets Group for approving our application.”
Previously, Mr. Joyce (founder, former Chairman and CEO of Aethlon Medical) oversaw the development of the Aethlon Hemopurifier®, a broad-spectrum blood purification technology to address life-threatening viruses. During Mr. Joyce’s tenure, the Hemopurifier became the first therapeutic candidate to receive two “Breakthrough Device” designations from the United States Food and Drug Administration (FDA) and was named a “Top 25 Invention” and one of the “11 Most Remarkable Advances in Healthcare” by TIME magazine.
About The OTCQB® Venture Market
The OTCQB® Venture Market, operated by OTC Markets Group, is for entrepreneurial and development stage U.S. and international companies. To be eligible for OTCQB quotes, companies must be current in their disclosure filings, have audited financial statements, and undergo an annual validation and management certification process. Companies must also meet minimum bid testing and other financial terms. OTCQB is recognized as an established public market by the Securities and Exchange Commission and provides current public information to investors in need of securities analysis, valuation, and trading.
About Sigyn Therapeutics™
Sigyn Therapeutics is a development-stage company focused on addressing unmet needs in global health. Sigyn Therapy™ is a broad-spectrum blood purification technology that extracts infectious viruses, bacterial toxins, and life-threatening inflammatory mediators from the bloodstream. Based on these capabilities, candidate treatment indications for Sigyn Therapy include pathogen-associated disorders that precipitate sepsis (a leading cause of hospital deaths), community acquired pneumonia (a leading cause of death among infectious diseases), emerging pandemic threats, and inflammation & endotoxemia in dialysis dependent end-stage renal disease (ESRD) patients. According to the U.S. Renal Data System, approximately 550,000 individuals suffer from ESRD in the United States.
To learn more, visit www.SigynTherapeutics.com
Cautionary Note Regarding Forward-Looking Statements
This information in this press release contains forward-looking statements of Sigyn Therapeutics, Inc. (“Sigyn”) that involve substantial risks and uncertainties. All statements contained in this summary are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties. Statements containing words such as "may," "believe," "anticipate," "expect," "intend," "plan," "project," "will," "projections," "estimate," "potentially" or similar expressions constitute forward-looking statements. Such forward-looking statements are subject to significant risks and uncertainties and actual results may differ materially from the results anticipated in the forward-looking statements. These forward-looking statements are based upon Sigyn's current expectations and involve assumptions that may never materialize or may prove to be incorrect. Factors that may contribute to such differences may include, without limitation, the Company's ability to clinically advance Sigyn Therapy in human studies required for market clearance, the Company's ability to manufacture Sigyn Therapy, the Company's ability to raise capital resources, and other potential risks. The foregoing list of risks and uncertainties is illustrative but is not exhaustive. Additional factors that could cause results to differ materially from those anticipated in forward-looking statements can be found under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and in the Company's other filings with the Securities and Exchange Commission, including its quarterly Reports on Form 10-Q. All forward-looking statements contained in this report speak only as of the date on which they were made. Except as may be required by law, the Company does not intend, nor does it undertake any duty, to update this information to reflect future events or circumstances.
Contacts:
Stephen Kilmer
Sigyn Therapeutics, Inc.
Investor Relations
(646) 274-3580
stephen@sigyntherapeutics.com
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