On March 19, Galmed Pharmaceuticals Got Letter From Nasdaq That Granted Co Additional 180 Calendar Day Period To Regain Compliance
Portfolio Pulse from Benzinga Newsdesk
Galmed Pharmaceuticals received a letter from Nasdaq on March 19, granting the company an additional 180 days to regain compliance, according to an SEC filing.
March 19, 2024 | 9:01 pm
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Galmed Pharmaceuticals has been granted an additional 180 days by Nasdaq to regain compliance, as per an SEC filing.
The extension provided by Nasdaq for Galmed Pharmaceuticals to regain compliance is a positive development. It indicates that the company has more time to meet Nasdaq's listing requirements, which could improve investor confidence and potentially lead to a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100