trending Market Intelligence /marketintelligence/en/news-insights/trending/rrbf6zbmer7n2x8mhw4zwg2 content esgSubNav
In This List

EyeGate Pharmaceuticals receives Nasdaq noncompliance notice

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


EyeGate Pharmaceuticals receives Nasdaq noncompliance notice

Eyegate Pharmaceuticals Inc. received a notice from the Nasdaq Stock Market for failing to meet the $1 minimum bid price listing requirement.

To regain compliance, the closing bid price of the company's common stock must reach at least $1 per share for a minimum of 10 consecutive business days. The Waltham, Mass.-based pharmaceutical company has 180 days, or until Sept. 17, to achieve compliance.

If EyeGate fails to meet compliance by the deadline, it may be granted a second 180-day compliance period.

The company previously received a Nasdaq noncompliance notice for failing to meet the listing requirement of a minimum $2.5 million shareholders equity.

EyeGate is a clinical-stage specialty pharmaceutical company which focuses on treating diseases and disorders of the eye.