Aradigm Corporation (NASDAQ: ARDM) today announced that it has been granted its request for an oral hearing to appeal the Nasdaq Staff Determination to delist the Company’s securities as a result of the Company’s failure to comply with Nasdaq’s continued listing requirements. Nasdaq has stayed the delisting of Aradigm’s common stock from the Nasdaq Capital Market pending the hearing. The oral hearing is scheduled for August 3, 2006 during which Aradigm will present a plan to regain and maintain compliance with all applicable maintenance criteria. Should the Company not prevail in its appeal, the Company’s Common Stock will be delisted from the Nasdaq Capital Market. If the Company’s Common Stock is delisted from The Nasdaq Capital Market, the Company’s Common Stock will be eligible to trade on the Over-The-Counter Bulletin Board (OTCBB) following delisting.
