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GTx regains compliance with Nasdaq bid price rule

Biopharmaceutical company GTx Inc. regained compliance with the Nasdaq rule requiring a minimum $1 bid price per share for continued listing on the Nasdaq Capital Market.

Nasdaq notified the company of its noncompliance with the rule on Dec. 5, prompting the company to implement a reverse stock split.

With the company regaining compliance, Nasdaq has now closed the matter.