<SEC-DOCUMENT>0001178913-23-003207.txt : 20230922
<SEC-HEADER>0001178913-23-003207.hdr.sgml : 20230922
<ACCEPTANCE-DATETIME>20230922161759
ACCESSION NUMBER:		0001178913-23-003207
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230922
FILED AS OF DATE:		20230922
DATE AS OF CHANGE:		20230922

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RedHill Biopharma Ltd.
		CENTRAL INDEX KEY:			0001553846
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35773
		FILM NUMBER:		231271921

	BUSINESS ADDRESS:	
		STREET 1:		21 HA'ARBA'A STREET
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			64739
		BUSINESS PHONE:		972-3-541-3131

	MAIL ADDRESS:	
		STREET 1:		21 HA'ARBA'A STREET
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			64739
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        <div style="text-align: center; line-height: 1.25; color: #000000; font-size: 14pt;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">UNITED
            STATES&#160;</font>&#160;&#160;</div>
        <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
        <div style="text-align: center; line-height: 1.25; color: #000000; font-weight: bold;">Washington, D.C.&#160;20549</div>
        <div style="text-align: center; line-height: 1.25; color: #000000;">&#160;</div>
        <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">FORM 6-K</div>
        <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;&#160;</div>
        <div style="text-align: center; line-height: 1.25; color: #000000; font-weight: bold;">Report of Foreign Private Issuer</div>
        <div style="text-align: center; line-height: 1.25; color: #000000; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16</div>
        <div style="text-align: center; line-height: 1.25; color: #000000; font-weight: bold;">of&#160;the Securities Exchange Act of 1934</div>
        <div style="text-align: center; line-height: 1.25; color: #000000; font-weight: bold;">&#160;</div>
        <div style="text-align: center; line-height: 1.25; color: #000000;">For the month of September 2023<font style="font-family: 'Times New Roman',Times,serif;"><br>
          </font>Commission File No.:001-35773</div>
        <div style="text-align: center; line-height: 1.25; color: #000000;">&#160;</div>
        <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">REDHILL BIOPHARMA LTD.</div>
        <div style="text-align: center; line-height: 1.25; color: #000000;">(Translation of registrant&#8217;s name into English)</div>
        <div style="text-align: center; line-height: 1.25; color: #000000;">&#160;</div>
        <div style="text-align: center; line-height: 1.25; color: #000000; font-weight: bold;">21 Ha'arba'a Street, Tel Aviv, 6473921, Israel</div>
        <div style="text-align: center; line-height: 1.25; color: #000000;">(Address of principal executive offices)</div>
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        <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Indicate by check mark whether the registrant files or will file annual reports under cover Form
          20-F or Form 40-F.&#160;&#160;</div>
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        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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        <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Form 20-F&#160;<font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9746;</font>&#160;&#160; &#160;&#160; &#160; Form 40-F&#160;<font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9744;</font></div>
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        <div style="text-indent: 14.2pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Indicate by check mark if the Registrant is&#160;submitting&#160;the Form 6-K in paper as permitted by
          Regulation S-T Rule 101(b)(1): ____&#160;</div>
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      <div style="line-height: 1.25;">
        <div style="text-indent: 28.35pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Indicate by check mark if the Registrant is&#160;submitting&#160;the Form 6-K in paper as permitted by
          Regulation S-T Rule 101(b)(7): ____</div>
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        <div style="line-height: 1.25; color: #000000;">&#160;</div>
        <div style="line-height: 1.25; color: #000000;">Attached hereto and incorporated by reference herein is a press release issued by the Registrant entitled: &#8220;RedHill
          Biopharma Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency&#8221;.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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        <div style="text-align: justify; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">This Form 6-K is hereby incorporated by reference into the Company's Registration Statements on Form S-8 filed with the
          Securities and Exchange Commission on May 2, 2013 (Registration No. 333-188286), on October 29, 2015 (Registration No. 333-207654), on July 25, 2017 (Registration No. 333-219441), on May 23, 2018 (Registration No. 333-225122), on July 24, 2019
          (File No. 333-232776), on March 25, 2021 (File No. 333-254692), on May 3, 2021 (File No. 333-255710), on January 11, 2022 (File No. 333-262099), on June 27, 2022 (File No. 333-265845) and on June 29, 2023 (File No. 333-273001) and its
          Registration Statements on Form F-3 filed with the Securities and Exchange Commission on March 30, 2021 (File No. 333-254848), on July 29, 2021 (File No. 333-258259) and on August 4, 2023 (File No. 333-273709).</div>
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        <div style="text-align: center; line-height: 1.25; color: #000000; font-weight: bold;">SIGNATURES</div>
        <div style="line-height: 1.25;">&#160;</div>
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      <div style="line-height: 1.25;">
        <div style="line-height: 1.25; color: #000000;">Pursuant to the requirements of&#160;the&#160;Securities Exchange Act of 1934, the Registrant has duly caused this report to be
          signed on its behalf by the undersigned, thereunto duly authorized.&#160;</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">REDHILL BIOPHARMA LTD.</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(the "Registrant")</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Date: September 22, 2023</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">By:</div>
            </td>
            <td nowrap="nowrap" style="width: 34.1%; vertical-align: top; border-bottom: 2px solid black;">
              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">/s/ Dror Ben-Asher</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Name:</div>
            </td>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;Dror Ben-Asher</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Title:</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Chief Executive Officer</div>
            </td>
            <td style="width: 12%; vertical-align: middle;">&#160;</td>
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        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
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        <div style="line-height: 1.25;"><img width="150" height="89" src="image00001.jpg"></div>
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            <div style="text-align: center;"><font style="font-size: 14pt; font-weight: bold;">Press Release</font></div>
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        <div style="text-align: center; margin-left: 2.25pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"><u>RedHill Biopharma Announces Receipt of Nasdaq Notification </u></div>
        <div style="text-align: center; margin-left: 2.25pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"><u>Regarding Minimum Bid Price Deficiency</u></div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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        <div style="text-align: justify; line-height: 1.25; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">TEL AVIV, ISRAEL &amp;
            RALEIGH, N.C., September 22, 2023, </font><font style="font-size: 10pt;">RedHill Biopharma Ltd. (Nasdaq: RDHL) (&#8220;RedHill&#8221; or the &#8220;Company&#8221;), a specialty biopharmaceutical company, today announced that on September 19, 2023, it received a
            letter from the Listings Qualifications Department of The Nasdaq Stock Market LLC (&#8220;Nasdaq&#8221;) indicating that, for the thirty consecutive business days from August 7, 2023, to September 18, 2023, the bid price for the Company&#8217;s American
            Depositary Shares (&#8220;ADSs&#8221;) had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(a)(1). The Nasdaq letter is only a notification of deficiency and has no
            immediate effect on the listing or trading of the Company&#8217;s ADSs.</font></div>
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        </div>
        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days,
          or until March 18, 2024, to regain compliance. The letter states that the Nasdaq staff will provide written notification that the Company has achieved compliance with Rule 5450(a)(1) if at any time before March 18, 2024, the bid price of the
          Company&#8217;s ADSs closes at $1.00 per share or more for a minimum of ten consecutive business days.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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        <div style="text-align: justify; margin-right: 0.1pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">RedHill&#8217;s ADSs will continue to trade on The Nasdaq Global Market, and the Company&#8217;s operations are not
          affected by the receipt of the Notice. RedHill intends to monitor the closing bid price of its ADSs and may, if appropriate, consider implementing available options to regain compliance with the minimum bid price requirement. If the Company does
          not regain compliance by March 18, 2024, the Company may be eligible for an additional 180 calendar day period to regain compliance, provided that the Company meets the continued listing requirement for market value of publicly held shares
          (&#8220;MVPHS&#8221;) and all other initial listing standards, with the exception of the bid price requirement, and would need to provide written notice of its intention to cure the deficiency during the second compliance period. However, as previously
          disclosed, RedHill received a written notification from Nasdaq on May 9, 2023, indicating that RedHill is not in compliance with the minimum MVPHS set forth in the Nasdaq Listing Rules for continued listing on Nasdaq, and RedHill has not regained
          compliance with the minimum MVPHS requirement. Pursuant to Nasdaq Listing Rule 5810(c)(3)(D), RedHill has a compliance period of 180 calendar days (or until November 6, 2023) to regain compliance with the minimum MVPHS requirement. In the event
          that the Company does not regain compliance by November 6, 2023, the Company would become subject to delisting unless it timely requests a hearing before a Nasdaq Hearings Panel (the &#8220;Panel&#8221;). Should the Company not regain compliance by that
          date, it is the Company&#8217;s present intention to request a hearing before the Panel. The hearing request would stay any delisting or suspension action pending the hearing and the expiration of any additional extension period granted by the Panel
          following the hearing. The maximum extension period that could be granted by the Panel is 180 calendar days from the forthcoming delisting notice.</div>
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          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
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        <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">About RedHill Biopharma</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;&#160;&#160;</font></div>
        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">RedHill Biopharma Ltd. (Nasdaq: <u>RDHL</u>) is
          a specialty biopharmaceutical company primarily focused on gastrointestinal and infectious diseases. RedHill promotes the gastrointestinal drugs <font style="font-weight: bold;">Talicia</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>, for the treatment of <font style="font-style: italic;">Helicobacter pylori (H. pylori)</font> infection in adults<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>, and <font style="font-weight: bold;">Aemcolo</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>, for the treatment of travelers&#8217; diarrhea in adults<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>. RedHill&#8217;s key clinical late-stage
          development programs include: (i)&#160;<font style="font-weight: bold;">opaganib (ABC294640)</font>, a first<font style="font-weight: bold;">-</font>in<font style="font-weight: bold;">-</font>class oral broad-acting, host-directed SPHK2 selective inhibitor with potential for pandemic preparedness, targeting multiple indications with a U.S.
          Government collaboration for development for Acute Radiation Syndrome (ARS), a Phase 2/3 program for hospitalized COVID-19, and a Phase 2 program in oncology; (ii)&#160;<font style="font-weight: bold;">RHB-107&#160;</font>(<font style="font-weight: bold;">upamostat</font>), an oral broad-acting, host-directed, serine protease inhibitor with potential for pandemic preparedness is in
          late-stage development as a treatment for non-hospitalized symptomatic COVID-19, and is also targeting multiple other cancer and inflammatory gastrointestinal diseases; (iii)&#160;<font style="font-weight: bold;">RHB-102</font>, with potential UK submission for chemotherapy and radiotherapy induced nausea and vomiting, positive results from a Phase 3 study for acute gastroenteritis and gastritis and positive results from a Phase 2
          study for IBS-D; (iv)&#160;<font style="font-weight: bold;">RHB-104</font>, with positive results from a first Phase 3 study for Crohn's disease; and (v)&#160;<font style="font-weight: bold;">RHB-204</font>,&#160;a Phase 3-stage program for pulmonary nontuberculous mycobacteria (NTM) disease.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">More information about the Company is available at: <u>www.redhillbio.com</u> / <u>twitter.com/RedHillBio</u>.</div>
        <div style="text-align: justify; line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Forward Looking Statements</div>
        <div style="line-height: 1.25;">&#160;</div>
        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic;">This press release contains "forward-looking statements" within the meaning of the Private Securities
          Litigation Reform Act of 1995. Such statements, including, but not limited to, statements regarding the intended use of net proceeds therefrom, may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects,"
          "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words and include statements regarding compliance with the listing requirements of Nasdaq. Forward-looking statements are based on certain assumptions and are subject to
          various known and unknown risks and uncertainties, many of which are beyond the Company&#8217;s control and cannot be predicted or quantified, and consequently, actual results may differ materially from those expressed or implied by such
          forward-looking statements. Such risks and uncertainties include, without limitation, market and other conditions, the risk that the Company will not comply with the listing requirements of Nasdaq to remain listed for trade on Nasdaq, the
          addition of new revenue generating products or out-licensing transactions will not occur; the risk that acceptance onto the RNCP Product Development Pipeline will not guarantee ongoing development or that any such development will not be
          completed or successful; the risk that the FDA does not agree with the Company&#8217;s proposed development plans for opaganib for any indication, the risk that observations from preclinical studies are not indicative or predictive of results in
          clinical trials; the risk that the FDA pre-study requirements will not be met and/or that the Phase 3 study of RHB-107 in COVID-19 outpatients will not be approved to commence or if approved, will not be completed or, should that be the case,
          that we will not be successful in obtaining alternative non-dilutive development funding for RHB-107,&#160; the risk that HB-107&#8217;s late-stage development for non-hospitalized COVID-19 will not benefit from the resources redirected from the terminated
          RHB-204 Phase 3 study, that the Phase 2/3 COVID-19 study for RHB-107 may not be successful and, even if successful, such studies and results may not be sufficient for regulatory applications, including emergency use or marketing applications, and
          that additional COVID-19 studies for opaganib and RHB-107 are likely to be required, as well as risks and uncertainties associated with the risk that the Company will not successfully commercialize its products; as well as risks and uncertainties
          associated with (i) the initiation, timing, progress and results of the Company's research, manufacturing, pre-clinical studies, clinical trials, and other therapeutic candidate development efforts, and the timing of the commercial launch of its
          commercial products and ones it may acquire or develop in the future; (ii) the Company's ability to advance its therapeutic candidates into clinical trials or to successfully complete its pre-clinical studies or clinical trials or the development
          of a commercial companion diagnostic for the detection of MAP; (iii) the extent and number and type of additional studies that the Company may be required to conduct and the Company's receipt of regulatory approvals for its therapeutic
          candidates, and the timing of other regulatory filings, approvals and feedback; (iv) the manufacturing, clinical development, commercialization, and market acceptance of the Company's therapeutic candidates and Talicia&#174;; (v) the Company's ability
          to successfully commercialize and promote Talicia&#174; and Aemcolo&#174;; (vi) the Company's ability to establish and maintain corporate collaborations; (vii) the Company's ability to acquire products approved for marketing in the U.S. that achieve
          commercial success and build its own marketing and commercialization capabilities; (viii) the interpretation of the properties and characteristics of the Company's therapeutic candidates and the results obtained with its therapeutic candidates in
          research, pre-clinical studies or clinical trials; (ix) the implementation of the Company's business model, strategic plans for its business and therapeutic candidates; (x) the scope of protection the Company is able to establish and maintain for
          intellectual property rights covering its therapeutic candidates and its ability to operate its business without infringing the intellectual property rights of others; (xi) parties from whom the Company licenses its intellectual property
          defaulting in their obligations to the Company; (xii) estimates of the Company's expenses, future revenues, capital requirements and needs for additional financing; (xiii) the effect of patients suffering adverse experiences using investigative
          drugs under the Company's Expanded Access Program; (xiv) competition from other companies and technologies within the Company's industry; and (xv) the hiring and employment commencement date of executive managers. More detailed information about
          the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 20-F filed with
          the SEC on April 28, 2023. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update any written or oral forward-looking statement, whether as a
          result of new information, future events or otherwise unless required by law.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Company contact:</div>
        <div style="line-height: 1.25;">&#160;</div>
        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Adi Frish<br>
          Chief Corporate &amp; Business Development Officer<br>
          RedHill Biopharma<br>
          +972-54-6543-112<br>
          <u>adi@redhillbio.com</u></div>
        <div style="line-height: 1.25;">&#160;</div>
        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Category: Financials</div>
        <br>

        <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><sup style="color: #000000; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> Talicia<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> (omeprazole magnesium, amoxicillin and rifabutin) is indicated for the treatment of <font style="font-style: italic;">H.
            pylori </font>infection in adults. For full prescribing information see: <font style="color: rgb(0, 0, 255);"><u>www.Talicia.com</u></font>.</div>
        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><sup style="color: #000000; vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> Aemcolo<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> (rifamycin) is indicated for the treatment of travelers&#8217; diarrhea caused by noninvasive strains of <font style="font-style: italic;">Escherichia coli</font> in adults. For full prescribing information see: <font style="color: rgb(0, 0, 255);"><u>www.aemcolo.com</u></font><u>.</u></div>
      </div>


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      <div style="line-height: 1.25; text-align: center;"><font style="font-family: 'Times New Roman',Times,serif; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
