Decode Genetics Gets Nasdaq Deficiency Notice

Sep 17, 2009

NEW YORK (GenomeWeb News) – Decode Genetics said after the close of the market Thursday that it has received a notice from the Nasdaq Stock Market informing the firm that its is not in compliance with certain rule of the market.

Specifically, Nasdaq told the firm that it is not in compliance with the minimum bid price rule, because the closing bid price for its shares has been below $1 per share for 30 consecutive business days.

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