Axonyx Inc. Regains Compliance With Nasdaq Minimum Bid Price Rule

NEW YORK--(BUSINESS WIRE)--March 8, 2006--Axonyx Inc. (NASDAQ: AXYX) announced today the receipt of written notice from the Nasdaq Stock Market indicating that the Company has regained compliance with the $1.00 per share minimum closing bid price requirement for continued listing on the Nasdaq Capital Market, pursuant to Nasdaq Marketplace Rule 4310(c)(4).

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