EntreMed of Rockville gets Nasdaq warning
Daily Record, The (Baltimore), Apr 8, 2008
EntreMed Inc., of Rockville, a biopharmaceutical company developing therapeutics for the treatment of cancer and inflammation, said it received a warning from Nasdaq that its common stock is subject to being delisted due to failing to close above the minimum closing bid price of $1 per share for 30 consecutive business days.
To achieve compliance, the stock must meet or exceed the minimum share price for 10 consecutive business days. EntreMed has until Oct. 1 to comply. It said it is considering a reverse stock split among other alternatives. EntreMed's stock closed on Monday at 73 cents, down a penny.
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