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.
Patient Infosystems changes name to CareGuide
Patient Infosystems (Coral Springs, Florida), a disease and care management company, reported that the merged organization will now operate under the name CareGuide.
“The name CareGuide effectively encompasses the expertise of both legacy organizations and reflects the company's objective of guiding individuals toward self management of their healthcare needs,” said Chris Paterson, CareGuide CEO.
The company's new logo is centered on a compass, which represents CareGuide's endeavor to serve as a guide for patients, physicians and health plan sponsors toward a more efficient and effective healthcare system that promotes education, self-management, shared medical information and proactive and preventive approaches to care.
Saflink secures Nasdaq extension
Saflink (Kirkland, Washington), a provider of solutions for secure access, identity assurance and productivity, reported that it received a letter from Nasdaq indicating that it will receive an additional 180 calendar days to gain compliance with minimum bid price requirements. The letter said that if, at anytime prior to Dec. 11 the bid price of the company's common stock closes at $1 per share or more for a minimum of 10 consecutive business days, Saflink will receive notification that it is in compliance.
Jon Engman, Saflink CFO, said, “This is great news for our company and is consistent with what we anticipated and communicated to the investing public.”
The letter also stated that if compliance with the minimum bid price is not demonstrated by Dec. 11, the company's securities will be delisted, but with the right to appeal.