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Biora Therapeutics Announces Positive Nasdaq Listing Decision
SAN DIEGO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Biora Therapeutics, Inc. (Nasdaq: BIOR), the biotech company reimagining therapeutic delivery, today announced that the company has been granted an extension to regain compliance with Nasdaq listing requirements.
"We shared with Nasdaq the upcoming company catalysts that we believe will drive significant value for shareholders, and we are pleased with their decision to grant us an extension to regain compliance," said Adi Mohanty, Chief Executive Officer of Biora Therapeutics. "We look forward to continuing to achieve milestones in the development of our innovative NaviCap and BioJet therapeutics platforms."
The Nasdaq Hearings Panel granted Biora's request for continued listing on The Nasdaq Stock Market, subject to the company's compliance with the $50 million market value of listed securities rule and $1 bid price requirements for continued listing on The Nasdaq Global Market by November 7, 2024.
"We shared with Nasdaq the upcoming company catalysts that we believe will drive significant value for shareholders, and we are pleased with their decision to grant us an extension to regain compliance," said Adi Mohanty, Chief Executive Officer of Biora Therapeutics. "We look forward to continuing to achieve milestones in the development of our innovative NaviCap and BioJet therapeutics platforms."
The Nasdaq Hearings Panel granted Biora's request for continued listing on The Nasdaq Stock Market, subject to the company's compliance with the $50 million market value of listed securities rule and $1 bid price requirements for continued listing on The Nasdaq Global Market by November 7, 2024.
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