Axonyx Inc. Receives Notice Related To Nasdaq Minimum Bid Price Rule
NEW YORK--(BUSINESS WIRE)--Aug. 4, 2006--Axonyx Inc. (NASDAQ: AXYX - News), a U.S.-based biopharmaceutical company, today announced that it received notice on August 2, 2006 from The Nasdaq Stock Market, Inc. that the minimum bid price of its common stock had fallen below $1.00 for 30 consecutive business days and that Axonyx was therefore not in compliance with Nasdaq Marketplace Rule 4310(c)(4).