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Biotech / Medical : Ore Pharmaceuticals Inc.
ORXE 0.193+1.8%Aug 18 5:00 PM EST

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To: Mike McFarland who wrote (14)6/12/2008 3:12:18 PM
From: Mike McFarlandRead Replies (1) of 50
 
On June 10, 2008, Ore Pharmaceuticals Inc. (the "Company") received notification from the NASDAQ Stock Market ("NASDAQ") that the Company had regained compliance with Marketplace Rule 4450(a)(5) and that NASDAQ now considers the matter closed.

Previously, as disclosed in a Current Report on Form 8-K dated December 20, 2007, NASDAQ notified Ore Pharmaceuticals Inc. that the bid price of the Company's publicly held shares had closed below the minimum $1.00 per share requirement for continued listing on the NASDAQ Global Market and the Company would have six months to regain compliance or be delisted. The increase in closing bid price necessary to regain compliance was achieved through a one-for-five reverse stock split of the Company's common stock that became effective in late May 2008.
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