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Tengion
Tengion, Inc. (OTC Pink:TNGN), is an American development-stage regenerative medicine company founded in 2003 with financing from J&J Development Corporation, HealthCap and Oak Investment Partners, which is headquartered in Winston-Salem, North Carolina.〔(Health Care Sector Wrap ), FOX BUSINESS (August 14, 2012)〕 Its goals are discovering, developing, manufacturing and commercializing a range of replacement organs and tissues, or neo-organs and neo-tissues, to address unmet medical needs in urologic, renal, gastrointestinal, and vascular diseases and disorders. The company creates these human neo-organs from a patients own cells or autologous cells, in conjunction with its Organ Regeneration Platform. ==History== Founded in 2003 and formerly headquartered in East Norriton, Pennsylvania before moving to Winston-Salem, North Carolina in 2012,〔(Tengion completes move to Winston-Salem ), Winston-Salem Journal (January 05, 2012)〕 Tengion went public in 2010, after its stock has been approved for listing on the NASDAQ, through a $26 million IPO to help advance its research and development activities.〔(Tengion Inc. ), Hoover's〕 Some of the groundbreaking regenerative medicine technologies of Dr. Anthony Atala, director of the Wake Forest Institute for Regenerative Medicine, were the core from where those research and development activities developed.〔Matt Evans, (Tengion plans IPO around Atala’s groundbreaking work ), The Business Journal (February 15, 2010)〕〔(Anthony Atala: at the cutting edge of regenerative surgery ), The Lancet (15 October 2011)〕 On September 4, 2012, Tengion received a notice from NASDAQ stating that the company had not regained compliance with NASDAQ Listing Rule 5550(b)(1) and that its common stock would cease trading on the NASDAQ Capital Market effective on September 6, 2012, and would begin trading on the OTCQB tier of the OTC Marketplace.〔(Tengion Common Stock to Begin Trading on The OTCQB™ Tier of the OTC Marketplace on September 6, 2012 ), heraldonline.com (September 5, 2012)〕
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