Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for MacroChem Corp. > News item |
Macrochem delisted from Nasdaq National Market after withdrawing appeal
By Ted A. Knutson
Washington, Nov. 22 - Macrochem Corp. will be delisted from the Nasdaq National Market on Tuesday after withdrawing its appeal of a delisting notification Friday, the company said in a news release.
Macrochem had received a Nasdaq Staff Determination on Oct. 18 indicating that the company did not comply with the minimum bid price requirement for continued listing.
The company's shares are eligible for trading on the Pink Sheets under the same ticker symbol, "MCHM."
The company said it will seek to have its common stock quoted on the NASD over-the-counter Bulletin Board.
Macrochem is a Lexington, Mass.-based biopharmaceutical company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.