DURECT Corp Has Regained Compliance With Nasdaq Listing Rule 5550(a)(2) For Continued Listing On Nasdaq Capital Market
Portfolio Pulse from Benzinga Newsdesk
DURECT Corp has successfully regained compliance with Nasdaq Listing Rule 5550(a)(2), ensuring its continued listing on the Nasdaq Capital Market, according to an SEC filing.
March 22, 2024 | 8:09 pm
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POSITIVE IMPACT
DURECT Corp has regained compliance with a critical Nasdaq listing rule, ensuring its continued presence on the Nasdaq Capital Market.
Regaining compliance with Nasdaq's Listing Rule 5550(a)(2) is a significant positive development for DURECT Corp. It removes the immediate risk of delisting, which can have a detrimental effect on stock liquidity and investor perception. This news is likely to be viewed positively by investors, potentially leading to a short-term uptick in DRRX's stock price as confidence in the company's regulatory standing is restored.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100