Rebuttal Letters Issued to Shareholders of NYMOX PHARMACEUTICAL CORP ("NYMX-Q")
AscellaHealth:
WHO: Newly formed organization, The Committee to Restore Nymox Shareholder Value , Calls for Shareholder Support
WHAT: Following the distribution of a press release by Nymox Pharmaceutical Corporation (the Company) regarding a NASDAQ Hearing Delist Decision at the open of business on July 7, 2023, rebuttal letters are being issued to all Company shareholders. Access the documents at www.crnsv.com
When: July 10, 2023
Where: CARSON CITY, Nevada; LONDON
Why: Summary of Rebuttal Letters:
-
Lack of Company Leadership:
- Termination of key management as officers of the company and subsequent failure to properly notify shareholders in violation of SEC rules governing 6-K filings.
- Operational mismanagement, disclosure issues and market fiasco.
- Shareholder uncertainty and confusion resulting from NASDAQ delisting and recent volatility of stock price.
- Inability to competently engage with US Food and Drug Administration.
- Failure of CEO to execute and fulfill key components of his role including, to: adhere to the advice and expertise of counsel and industry experts; appropriately fund the company; or adequately engage the Company shareholders.
-
Inability to Realize the Potential for Valuable and Promising Results Through Relationship with
AscellaHealth LLC: a highly respected global healthcare and specialty pharmacy solutions company with expertise to help commercialize the Company’s
benign prostatic hyperplasia (BPH)
product.
- Failed opportunity to leverage the committed funding, expertise, and experience of AscellaHealth to successfully position pharmaceuticals, drugs, and biotech products worldwide.
- Absence of strategic marketing plan and communications with internal and external audiences to implement effective positioning to seek approval of the Company's first in class drug NYMOZARFEX to treat the symptoms of BPH. BPH is one of the most common conditions affecting middle aged and elderly men throughout the world.
-
Lack of Solution or Plan for Financial Recovery of Shareholder Value
- Breakdown in alignment with AscellaHealth negates financial commitment and expertise to restore value to the Company in anticipation of the Danish market approval decision.
- Steady decline in stock value, while it was documented the CEO received an inflated remuneration package and personally sold over $4,000,000 worth of stock in the last 5 years.
- AscellaHealth, LLC potential partnership terminated by CEO, prior to discussion with key board members or other officers.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230709573290/en/
Contact information
Chris Riley
info@crnsv.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Holo Closes a $22M Funding Round to Scale Regional Fintech and Build the Future of Homeownership in the United Arab Emirates and the Kingdom of Saudi Arabia25.8.2025 16:54:00 EEST | Press release
Holo, a fintech platform reinventing how people buy homes in the UAE, has announced that it has raised $22 million in one of the largest Series A rounds in the GCC in 2025. The investment round was led by Saudi Arabia’s Impact46, with support from Mubadala Investment Company “Mubadala”, an Abu Dhabi sovereign investor, and participation from Rua Growth Fund, anb seed, MoreThan Capital, and returning investors Salica Oryx Fund and Dubai Future District Fund. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250825366561/en/ Holo closes $22M UAE & KSA funding round to scale regional fintech and the future of homeownership (photo: AETOSWire) Basmah AlSinaidi, Managing Partner at Impact46, commented, “Holo is bringing much-needed clarity to a process that’s long been opaque. By streamlining access to lenders and giving users full control of their home financing journey, they’re reshaping how people buy homes across the region. Thei
Capcom’s Resident Evil Requiem Wins Most Honors with Four Awards at the Gamescom Awards 2025!25.8.2025 16:00:00 EEST | Press release
Capcom Co., Ltd. (TOKYO:9697) today announced that Resident Evil Requiem won the most honors at the Gamescom Awards 2025 with a total of four awards, which were announced at Gamescom, a game show held from August 20-24, 2025, in Germany. Further, Capcom was also awarded Best Lineup at the show. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250825276939/en/ Resident Evil Requiem Logo The Gamescom Awards are one of the largest European game awards, where winners are chosen from the titles shown at the game show by a jury comprised of game industry professionals and the associated community, along with voting from game players. Winner of four awards, Resident Evil Requiem is the latest title in the Resident Evil series and is scheduled for release on February 27, 2026. Many showgoers were able to try the game at this year’s Gamescom, where the world’s first playable demo of the title was exhibited. The title garnered high prai
Incode Joins Experian Partner Ecosystem Strengthening Fraud Prevention Solutions25.8.2025 16:00:00 EEST | Press release
Experian today announced the integration of Incode Technologies, Inc. (“Incode”) into the Experian Ascend Platform™. This collaboration will enable seamless, secure and efficient identity validation for over 1,800 global clients across industries including financial services, automotive, healthcare and digital marketing. Through this partnership, Incode’s advanced identity validation and real-time metadata analysis will be offered as an optional component within Experian’s CrossCore Document Verification suite in North America, with global expansion planned. Incode’s AI-driven technology strengthens Experian’s identity and fraud solutions by verifying and connecting identity elements such as government-issued IDs, facial recognition, liveness checks, and real time metadata. “This partnership reinforces Experian’s commitment to delivering innovative, secure, and customer-centric solutions,” said Marika Vilen, Senior Vice President of Global Partnerships and Commercialization at Experian
Robert Beasley Joins Chicago Atlantic as Partner, Head of Restructuring25.8.2025 16:00:00 EEST | Press release
Chicago Atlantic announced the appointment of former FLUENT Cannabis CEO Robert Beasley, as Partner, Head of Restructuring. Beasley will be responsible for supporting the firm’s ongoing commitment to value creation and operational excellence across its portfolio. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250825185390/en/ Robert Beasley has joined Chicago Atlantic as Partner, Head of Restructuring Beasley is an attorney, entrepreneur, and business executive with a proven track record of leading organizations and shaping policy in highly regulated industries, including the emerging cannabis market. A Florida native, he co-founded the law firm Litvak, Beasley, Wilson & Ball in 2001, where he specialized in commercial, regulatory law and business strategy. He went on to play a pivotal role in shaping Florida’s medical cannabis landscape, actively participating in the legislative and rulemaking processes of the Compassionate
NIQ's New Business Resiliency Playbook Helps Companies Decode the Market Signals and Shocks That Shape Consumer Behavior25.8.2025 16:00:00 EEST | Press release
NielsenIQ (NIQ) (NYSE: NIQ), a leading consumer intelligence company, today unveiled The Business Resiliency Playbook: Decoding the signals and shocks that shape consumer behavior. The playbook outlines potential impacts of the five most relevant economic scenarios for brands and retailers—including stagflation, recession, and geopolitical shocks—and how the consumers who will shape their businesses are most likely to respond to them. Critically, it highlights how delaying decisions in an unpredictable environment can expose businesses to risk and provides specific actions to help them position for resilience. “Our goal isn’t to predict the future, but to help organizations develop robust plans that can adapt as conditions evolve,” said Ramon Melgarejo, President of Strategic Analytics & Insights, NIQ. “This playbook empowers leaders to move from reactive to resilient—using real-time consumer intelligence to guide decisions with confidence.” Key findings include: Consumers don’t often
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom