Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for La Jolla Pharmaceutical Co. > News item |
La Jolla Pharmaceutical given more time to comply with Nasdaq standards
New York, Dec. 21 - La Jolla Pharmaceutical Co. said that Nasdaq has given it more time to comply with the minimum bid price rule.
The company now has until Jan. 6 to meet the requirement that its stock close at $1.00 or higher for 10 consecutive trading days.
La Jolla also said it completed its one-for-five reverse stock split, a move intended to help achieve compliance with the Nasdaq rule. The stock will trade on the new basis beginning Thursday.
La Jolla's stock closed at $0.83 pre-split Wednesday.
San Diego, Calif.-based La Jolla Pharmaceutical is a biotechnology company developing therapeutics for antibody-mediated autoimmune diseases and inflammation.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.