On September 18, 2019 Onconova Therapeutics, Inc. (NASDAQ:ONTX), a Phase 3-stage biopharmaceutical company discovering and developing novel products to treat cancer, with a focus on myelodysplastic syndromes (MDS) reported that it has decided to terminate the public offering of shares of its common stock with the current bank previously reported in a preliminary prospectus supplement filed and supplemented September 13, 2019 and September 17, 2019 respectively (Press release, Onconova, SEP 18, 2019, View Source [SID1234539614]). The decision to terminate results from an assessment by the Company that current equity market conditions are not conducive for an offering on terms that would be in the best interests of the Company’s shareholders.

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The offering was being made pursuant to an effective shelf registration statement (File No. 333-221684) which became effective with the Securities and Exchange Commission on December 28, 2017. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Company’s common stock or any other securities, and there shall not be any offer, solicitation or sale of securities mentioned in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such any state or jurisdiction.