Pharmaceutical Research
PixarBio CorporationFind BBB Accredited Businesses in Pharmaceutical Research.
About
Important information
- Pending Government Action:Government Action: BBB reports on known government actions involving business’ marketplace conduct:US Securities & Exchange Commission vs. PixarBio Corporation
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.
About This Business
Business Details
- BBB File Opened:
- 4/25/2018
- Business Started:
- 1/1/2013
- Business Incorporated:
- 8/4/2014
- Type of Entity:
- Corporation
- Business Management:
- Mr. Frank Reynolds, President
- Ms. Katrin Holzhaus, Secretary
- Mr. David Cass, Director
- Mr. Derek Bridges, Director
- Ms. Laura Barker Morse, Director
- Number of Employees:
- 10
Additional Contact Information
- Principal Contacts
- Mr. Frank Reynolds, President
- Ms. Katrin Holzhaus, Secretary
- Mr. David Cass, Director
- Mr. Derek Bridges, Director
- Ms. Laura Barker Morse, Director
- Customer Contacts
- Mr. Frank Reynolds, President
- Social Media
Additional Information
- Referral Assistance
- Massachusetts Controlled Substances Registration
239 Causeway Street
Boston MA 02114
Phone Number: 617-973-0949
Fax Number: 617-753-8233
https://www.mass.gov/orgs/massachusetts-controlled-substances-registration
MCSR@Massmail.State.MA.US - Business Categories
- Pharmaceutical Research, Biomedical Products
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