SEC puts temporary suspension on PixarBio trading

30 January 2017

USA-based PixarBio Corp (OTCQX: PXRB) announced on Friday that, under a January 23, 2017 Order, trading of its securities were temporarily suspended by the Securities and Exchange Commission. The suspension is scheduled to last from January 23, 2017 through February 3, 2017 at 11:59 pm.

According to the SEC, "the market for the security appears to reflect manipulative or deceptive activities."

PixarBio is currently in the process of providing the SEC with documentation. Just last week, the company announced that it was withdrawing its unsolicited offer to acquire InVivo Therapeutics (Nasdaq: NVIV).

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