REDWOOD CITY, Calif., Aug. 20, 2008 (GLOBE NEWSWIRE) (PRIME NEWSWIRE) -- Threshold Pharmaceuticals, Inc. (Nasdaq:THLDD) today announced the effectiveness of a reverse stock split. Effective today, every six shares of the Company’s common stock will be combined into one share of common stock; holders of fractional shares created by the reverse stock split are entitled to receive a cash payment equal to the value of such fractional shares.
