Oncothyreon regains Nasdaq compliance
Oncothyreon says that it has received a letter from the USA's Nasdaq Stock Market, indicating that the company has regained compliance with the $1.00 per share minimum closing bid price requirement for continued listing, pursuant to Nasdaq Marketplace Rule 4450(a)(5). In the letter, the Nasdaq advised the company that this matter is now closed.
Oncothyreon is a US biotechnology firm specializing in the development of innovative therapeutic products for the treatment of cancer. Its goal is to develop and commercialize novel synthetic vaccines and target small molecules that have the potential to improve the lives and outcomes of cancer patients.
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