Skip to main content
Premium Trial:

Request an Annual Quote

Transgenomic Will Move to Nasdaq's Cap Market, Has Until Feb. 12 to Regain Compliance

NEW YORK (GenomeWeb News) – Transgenomic yesterday said that the Nasdaq Exchange has given the company an additional 180 calendar days, or until Feb. 12, 2007, to regain compliance with its minimum $1 bid requirement.
As GenomeWeb News reported Aug. 2, Transgenomic asked the Nasdaq Exchange to transfer its stock from the Global Market to the Capital Market in a bid to win time and regain compliance. Moving to the new market would give the company an additional 180 days to lift its shares above the $1 bid minimum.
The Nasdaq approved the move Aug. 7 and Transgenomic's common stock began trading on the Nasdaq Capital Market Aug. 10. 
Like the Global Market, the Capital Market has a $1 minimum bid requirement, and for the company to regain compliance its common stock must close at or above $1 per share for at least 10 consecutive business days.
The Nasdaq's Listing Qualifications Department on Feb. 15 had originally informed Transgenomic that it was in violation of its listing standards and gave the company 180 days, or until Aug. 14, to regain compliance.
Transgenomic’s stock closed at $.47 on Aug. 14. The last time the company’s stock closed at or above $1 was Feb. 14.

The Scan

Unique Germline Variants Found Among Black Prostate Cancer Patients

Through an exome sequencing study appearing in JCO Precision Oncology, researchers have found unique pathogenic or likely pathogenic variants within a cohort of Black prostate cancer patients.

Analysis of Endogenous Parvoviral Elements Found Within Animal Genomes

Researchers at PLOS Biology have examined the coevolution of endogenous parvoviral elements and animal genomes to gain insight into using the viruses as gene therapy vectors.

Saliva Testing Can Reveal Mosaic CNVs Important in Intellectual Disability

An Australian team has compared the yield of chromosomal microarray testing of both blood and saliva samples for syndromic intellectual disability in the European Journal of Human Genetics.

Octopus Brain Complexity Linked to MicroRNA Expansions

Investigators saw microRNA gene expansions coinciding with complex brains when they analyzed certain cephalopod transcriptomes, as they report in Science Advances.