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Biopure regains Nasdaq listing compliance
By Angela McDaniels
Seattle, March 21 - Biopure Corp. received notification from The Nasdaq Stock Market that it has regained compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq National Market, according to a company news release.
The company's stock (Nasdaq: BPUR) closed at $1.31 on Tuesday.
Biopure received notification from Nasdaq in December that the bid price of its common stock had fallen below $1.00 for 30 consecutive days. It had until June 19 to regain compliance.
Biopure is based in Cambridge, Mass., where it develops, manufactures and market therapeutics that deliver oxygen to the body's tissues.
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