IDM Pharma, Inc. (IDMI)

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IDM Pharma Meets Nasdaq Requirements
IDM Pharma in Compliance With Nasdaq Requirements
February 20, 2008: 08:16 AM EST


NEW YORK (Associated Press) - Biopharmaceutical company IDM Pharma Inc. said Wednesday it regained compliance with the Nasdaq Stock Market by meeting minimum bid price requirements.

Nasdaq requires listed companies to maintain a closing bid price of at least $1 per share. On Feb. 19, the closing price of the company's common stock was $3.14 per share.

Earlier this month, the Nasdaq told IDM Pharma that its shares closed below the $1 threshold for the previous 30 days and warned it could be delisted.

http://money.cnn.com/news/newsfeeds/...d9123871db.htm