SAN DIEGO, CA--(Marketwired - January 29, 2014) - La Jolla Pharmaceutical Company (NASDAQ: LJPC) (the "Company" or "La Jolla"), a leader in the development of therapeutics targeting significant unmet life-threatening diseases, today announced that it has received approval to list its common stock on The NASDAQ Capital Market. The Company's shares will trade on The NASDAQ Capital Market when the market opens today, Wednesday, January 29, 2014. As previously announced, in support of the Company's listing on NASDAQ, the Company effected a 1-for-50 reverse stock split on January 13, 2014. The Company currently has 4,483,740 shares of common stock issued and outstanding; on a fully diluted basis there would be approximately 17 million shares outstanding. The ticker symbol will return back to LJPC effective with the open of trading today.
About La Jolla Pharmaceutical Company
La Jolla Pharmaceutical Company is a biopharmaceutical company focused on the discovery, development and commercialization of innovative therapeutics for chronic organ failure and cancer. GCS-100, the Company's lead product candidate, is a first-in-class inhibitor of galectin-3, a novel molecular target implicated in chronic organ failure and cancer. LJPC-501, the Company's second product candidate, is a natural peptide for the treatment of hepatorenal syndrome. For more information on the Company please visit http://www.ljpc.com.
About NASDAQ OMX Group
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