Compugen Ltd. (CGEN) Receives Deficiency Letter from NASDAQ With Respect to Stockholders Equity
6/2/2009 9:13:20 AM
TEL AVIV, Israel--(BUSINESS WIRE)--Compugen Ltd. (NASDAQ:CGEN) today reported that it received a letter on May 28, 2009 from NASDAQ stating that Compugen is not in compliance with The NASDAQ Global Market Marketplace minimum stockholders' equity continued listing requirement of $10 million. As of March 31, 2009, Compugen’s stockholders' equity (based on the Company’s book value) was approximately $8.9 million.
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