Advanced Magnetics trades on Nasdaq

Advanced Magnetics (Cambridge, Massachusetts) reported that it has begun trading its common stock on the Nasdaq under the symbol AMAG.

Advanced Magnetics develops superparamagnetic iron oxide nanoparticles used in pharmaceutical products for use in therapeutic iron compounds to treat anemia, as well as novel imaging agents to aid in the diagnosis of cancer and cardiovascular disease.

Fonar notified about Nasdaq listing

Fonar (Melville, New York) reported that, as expected, it received a written notification from Nasdaq on June 21 regarding its listing on the Nasdaq Capital Market. The letter states that the company will now be provided an additional 180 calendar day compliance period to regain compliance with the minimum bid price requirement.

Fonar bills itself as the first, oldest and most experienced MRI manufacturer in the industry. Fonar introduced the first commercial MRI in 1980; its latest MRI scanner is the Fonar 360, a room-size recumbent scanner that optimizes openness while facilitating physician access to the patient.

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