American BioMedica regains Nasdaq compliance

By Lisa Kerner

Charlotte, N.C., June 12 - The Nasdaq Stock Market has notified American BioMedica Corp. that its stock had a closing bid of $1.00 or greater per share for at least 10 consecutive business days. As a result, the company is once again in compliance with Nasdaq requirements for continued listing.

In March, American BioMedica was notified that its stock had closed below the minimum $1.00 per share requirement for 30 consecutive business days.

Located in Kinderhook, N.Y., American BioMedica is a biomedical company that develops diagnostic test kits.

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