Nasdaq to boot Fresh Tracks as management urges shareholder support for dissolution

BOULDER — Embattled drug maker Fresh Tracks Therapeutics Inc. (Nasdaq: FRTX) will no longer have its stock traded on the Nasdaq exchange as of Tuesday and will immediately begin trading on the over-the-counter market. 

The company, which could soon be dissolved and liquidated, has fended off delisting in the past, regaining compliance when its stock price dropped below the minimum threshold of $1 for more than 30 consecutive days. But Fresh Tracks officials said Monday that the company has withdrawn its appeal.

Fresh Tracks, which laid off nearly all its workers this fall, has been in cost-cutting mode for months as…