CAMBRIDGE, Mass.--(BUSINESS WIRE)--PixarBio Corporation, inventors of NeuroReleaseTM, a novel morphine replacement, non-opiate/opioid, non-addictive pain treatment, is pleased to announce BMP Holdings (PXRB:OTC) a division of PixarBio Corporation has executed a 10:1 stock split in preparation of closing its merger with its parent company PixarBio Corporation.
In recognition of public trading as PixarBio Corporation, BMP Holdings stock symbol has been changed to PXRB. The 10:1 stock split will provide PixarBio with an important NASDAQ listing requirement. PixarBio expects to quickly up-list to the NASDAQ in Q4 2016.
The merger with BMP Holdings will be finalized on October 21, 2016 and public trading of the new PixarBio Corporation will begin on Monday October 24, 2016.
Accredited investors according to the SEC act of 1934, can receive investment information by emailing info@pixarbio.com.
The NeuroReleaseTM Platform: Non-Addictive and Non-opiate Treatment of Pain
NeuroReleaseTM is a morphine replacement, and non-addictive pain platform for the surgical/hospital setting, or for acute and chronic pain. First product FDA approval for the platform will be for a 14-day post-surgical pain treatment and it is expected in late 2018.
Major Benefits of NeuroReleaseTM
- Effects only sensory signals
- No effect on locomotion nerve fibers, so patients can enter physical therapy quickly
- Maintains two-point discriminate touch so patients can function
- No effect on proprioception so no effect on a person feeling of well-being
Therefore, patients will maintain two-point discriminate touch, control of their locomotion nerve fibers so they control voluntary movement to enter rehabilitation quickly with a non-addictive morphine replacement. PixarBio’s NeuroReleaseTMpain platform also includes 4-8 hour, 3-day, 7-day, 14-day and 90-Day pain treatments all have expected FDA approvals in 2020. NeuroReleaseTM is biodegradable, and it's non-toxic so NeuroReleaseTM can be re-injected to extend treatment timelines.
PixarBio Corporation was awarded the Boston Business Journal's "2016 Best Places to Work". The award recognizes PixarBio as one of the region's best firms, offering the greatest professional opportunities and work environments to innovate.
About PixarBio Corporation
PixarBio is a specialty pharmaceutical/biotechnology company focused on 505(b)2; pre-clinical and commercial development of novel neurological drug delivery systems for post-operative pain.PixarBio researches and develops targeted delivery systems for drugs, cells, or biologics to treat pain, epilepsy, Parkinson’s disease, and spinal cord injury. Our lead product platform, NeuroRelease™, has achieved sustained therapeutic release of non-opiate drugs for post-operative, acute and chronic pain in pre-clinical models. For more information, visit www.pixarbio.com.
