BG Medicine Announces Receipt of Favorable NASDAQ Listing Determination
02 Februar 2015 - 1:00PM
BG Medicine, Inc. (Nasdaq:BGMD), the developer of the BGM
Galectin-3® Test, announced today its receipt of a favorable
decision from the Listing Qualifications Department (the "Staff")
of The NASDAQ Stock Market LLC ("NASDAQ"), which granted the
Company's request for continued listing on NASDAQ, pursuant to an
extension within which to evidence compliance with NASDAQ Listing
Rule 5550(b) (the "Rule"). In the Company's case, the Rule requires
the Company to evidence either a minimum of $2.5 million in
stockholders' equity or a market capitalization of at least $35
million. The Company is diligently working to evidence compliance
with the Rule on or before May 19, 2015, as required by the Staff.
About BG Medicine, Inc.
BG Medicine, Inc. (Nasdaq:BGMD), the developer of the BGM
Galectin-3® Test, is focused on the development and delivery of
diagnostic solutions to aid in the clinical management of heart
failure and related disorders. For additional information about BG
Medicine, heart failure and galectin-3 testing, please visit
www.BG-Medicine.com.
The BG Medicine Inc. logo is available for download here.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, including, but not limited to, statements regarding our
ability to evidence compliance with the NASDAQ continued listing
rules on or before the date required by NASDAQ. These
forward-looking statements are neither promises nor guarantees of
future performance, and are subject to a variety of risks and
uncertainties, many of which are beyond the Company's control,
which could cause actual results to differ materially from those
contemplated in these forward-looking statements. These risks and
uncertainties include, among other things, the factors discussed
under the heading "Risk Factors" contained in BG Medicine's annual
report and quarterly reports filed with the Securities and Exchange
Commission. All information in this press release is as of the date
of the release, and BG Medicine disclaims any obligation to update
the information contained in this press release as new information
becomes available.
CONTACT: Stephen Hall, EVP & Chief Financial Officer
(781) 890-1199
BG Medicine (CE) (USOTC:BGMD)
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