Business ProfileforPixarBio Corporation
Additional business information
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the governments allegations, which have not yet been proven.
On 4/24/2018 the US Securities and Exchange Commission (SEC) announced it would be charging PixarBio Corporation, its president Frank Reynolds, and others with lying about their progress in seeking FDA approval for a non-opiate pain treatment and with lying about the company's finances. The SEC also alleges that the insiders along with the CEO's close friend manipulated the company's publicly trading stock, and the CEO and his friend kept about $400,000 for themselves.
On 5/18/2018 the SEC announced that a preliminary injunction had been entered against the business and its principals, restraining the defendants from violating federal securities laws and maintaining an existing asset freeze until further notice.
At-a-glance
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Overview
Business Details
- Location of This Business
- 200 Boston Ave, Medford, MA 02155-4243
- BBB File Opened:
- 4/25/2018
- Years in Business:
- 11
- Business Started:
- 1/1/2013
- Business Incorporated:
- 8/4/2014
- Type of Entity:
- Corporation
- Number of Employees:
- 10
- Business Management
- Mr. Frank Reynolds, President
- Ms. Katrin Holzhaus, Secretary
- Mr. David Cass, Director
- Mr. Derek Bridges, Director
- Ms. Laura Barker Morse, Director
- Contact Information
Principal
- Mr. Frank Reynolds, President
- Ms. Katrin Holzhaus, Secretary
- Mr. David Cass, Director
- Mr. Derek Bridges, Director
- Ms. Laura Barker Morse, Director
Customer Contact
- Mr. Frank Reynolds, President
Customer Complaints
0 Customer Complaints
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