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Neovasc gets Nasdaq noncompliance notice

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Neovasc gets Nasdaq noncompliance notice

Neovasc Inc. fell out of compliance with Nasdaq Stock Market's minimum market value requirement for continued listing.

The Canadian provider of cardiovascular devices has 180 calendar days, or until July 2, to have a market value of at least $35 million for 10 consecutive business days.

The noncompliance notice has no immediate effect on Neovasc's business operations.