Published in Healthcare Mergers, Acquisitions and Ventures Week, May 12th, 2007
This trend article is an immediate alert from NewsRx to identify the most recent news developments at Forbes Medi-Tech.
Report 1: Forbes Medi-Tech Inc. (FMI and FMTI) announced that the company received a letter from Nasdaq indicating that the bid price for its common stock has closed below the minimum of U.S. $1.00 per share for the last 30 consecutive trading days, as required for continued inclusion on The Nasdsaq Global Market by Marketplace Rule 4450(a)(5).
NASDAQ has provided Forbes with 180 calendar days, or until July 23, 2007, to regain compliance with this...
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