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NeoGenomics Moves to Nasdaq Capital Market

NEW YORK (GenomeWeb News) – NeoGenomics has been approved to list its shares on the Nasdaq Capital Market, the Ft. Myers, Fla.-based firm said today.

The company's stock is currently traded on the OTC Bulletin Board under ticker symbol "NGNM." Starting Dec. 10, NeoGenomics will list on Nasdaq under ticker symbol "NEO."

"The transition to the Nasdaq Capital Market is a significant milestone for NeoGenomics and reflects the strong revenue and operating income growth we have achieved over the last several years," NeoGenomics Chairman and CEO Douglas VanOort said in a statement. "We believe this move will increase the visibility and liquidity of our shares in the market."

In late October NeoGenomics reported that its revenues in the third quarter improved 26 percent year over year.

In late afternoon trading today, shares of the company rose 4 percent to $2.81