VirtualScopics regains Nasdaq compliance

VirtualScopics (Rochester, New York), a provider of quantitative imaging for clinical trials, said it has received notification from the Nasdaq Stock Market that it has regained compliance with the minimum $1 per share bid price requirement, and further, that it currently complies with all other applicable standards for continued listing.

To regain compliance with the bid price rule, the company was required to evidence a closing bid price of $1 per share or more for a period of at least 10 consecutive trading days. On May 15, the closing bid price of the company's common stock was $1.11 per share, the tenth consecutive day the stock price had a closing bid price above $1 per share.