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Neovasc gets another Nasdaq noncompliance notice

Neovasc Inc. received a notice for failing to comply with the Nasdaq Capital Market's minimum market value requirement of $35 million.

The Canadian specialty medical device company has 180 calendar days, or until Sept. 18, to regain compliance by having more than $35 million in market value for a minimum of 10 consecutive business days.

The noncompliance notice does not impact Neovasc's listing on the Nasdaq Capital Market at this time.

Neovasc fell out of compliance with the exchange's minimum bid price requirement in January.