Immune Announces Filing of 10-Q and Removal of Delinquency Flag on OTC Markets Stock Quotes
August 25 2022 - 1:30PM
Immune Therapeutics, Inc. (OTC PINK:IMUN) ("Immune" or "IMUN"), a
pioneering pharmaceutical company involved in the acquisition,
development, and commercialization of pharmaceutical and
biotechnology products that have a short and well-defined path to
market, is pleased to announce it is in full compliance with OTC
Markets following the filing of its 10-Q allowing removal of the
delinquency flag and a return to Current Information status with
the OTC Markets Group. New management, moving forward, will ensure
the company continues to stay in full compliance with all OTC
Markets reporting standards bringing confidence to the public.
Dr. Wilson, CEO, stated, "We have been working diligently to
ensure the company’s existing records comply with the higher
standards new management is placing on IMUN and to go above and
beyond OTC compliance standards. A combination of previous
record keeping inconsistencies, outgoing management, the short
period new management had with legacy items as well as the
establishment of new business and operations all factored into this
extended preparation and review period. The delay, while
unwelcome, was necessary to provide a highly accurate filing with
no need for correction, a tangible demonstration to shareholders
that our reporting is done at the highest standards. With the
10-Q now on file, we are pleased to see the removal of the
delinquency flag and will continue our work to instill confidence
in our shareholders.”
About Immune Therapeutics, Inc.
Immune Therapeutics, Inc. is a pioneering pharmaceutical company
involved in the acquisition, development, and commercialization of
pharmaceutical and biotechnology products that have a short and
well-defined path to market. By utilizing a biotech portfolio
hub and spoke engine we plan to advance hyper-focused efficient
small-scale biotechnology and pharmaceutical programs that comprise
subsidiaries, investment vehicles and partnerships, and deploy
products from those programs in markets that include but are not
solely focused on the US for initial commercialization.
Forward Looking Statement
This press release may contain information about our views of
future expectations, plans and prospects that constitute
forward-looking statements. All forward-looking statements are
based on management's beliefs, assumptions, and expectations of
Immune's future economic performance, taking into account the
information currently available to it. These statements are not
statements of historical fact. Although Immune believes the
expectations reflected in such forward-looking statements are based
on reasonable assumptions, it can give no assurance that its
expectations will be attained. Immune does not undertake any duty
to update any statements contained herein (including any
forward-looking statements), except as required by law. No
assurances can be made that Immune will successfully acquire its
acquisition targets. Forward-looking statements are subject to a
number of factors, risks, and uncertainties, some of which are not
currently known to us, that may cause Immune's actual results,
performance, or financial condition to be materially different from
the expectations of future results, performance, or financial
position. Actual results may differ materially from the
expectations discussed in forward-looking statements. Factors that
could cause actual results to differ materially from expectations
include general industry considerations, regulatory changes,
changes in local or national economic conditions and other risks
set forth in "Risk Factors" included in our filings with the
Securities and Exchange Commission.
Disclaimer
The information provided in this press release is intended for
general knowledge only and is not a substitute for professional
medical advice or treatment for specific medical conditions. Always
seek the advice of your physician or other qualified health care
provider with any questions you may have regarding a medical
condition. This information is not intended to diagnose, treat,
cure or prevent any disease.
Contact:
Dr. Stephen Wilson
CEO
ir@immunetherapeutics.com
1-888-391-9355
www.immunetherapeutics.com
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