Arrowhead Research, the parent firm of Calando Pharmaceuticals, said last week that it has received notice from the Nasdaq Stock Market that it does not comply with the exchange's $1 minimum bid requirement for continued listing.

The company said it has been given 180 days, until March 15, 2010, to regain compliance by maintaining a minimum closing bid price of $1 per share for 10 consecutive business days. If it does not regain compliance, Arrowhead's stock will be subjected to delisting, the company said.

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