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Zug, Switzerland, September 28, 2017 - Auris Medical Holding AG (the "Company", NASDAQ: EARS), a clinical-stage company dedicated to developing therapeutics that address important unmet medical needs in otolaryngology, announced today the approval of the Company's request to Nasdaq Stock Market LLC ("Nasdaq") to transfer the listing of its common shares to the Nasdaq Capital Market from the Nasdaq Global Market. The Company's shares will continue to trade uninterrupted under the symbol "EARS."
In addition, Nasdaq granted the Company an additional 180-day grace period to regain compliance with Nasdaq's minimum bid price requirement. As previously disclosed, the Company was notified by Nasdaq on March 30, 2017 that it no longer satisfied the minimum bid price requirement for continued listing. The Company has until March 26, 2018 to demonstrate compliance with the minimum bid price requirement for continued listing.