FRAMINGHAM, Mass.--(BUSINESS WIRE)--GTC Biotherapeutics, Inc. (“GTC” or “the Company”, NASDAQ: GTCB) received notice from the Listing Qualifications Staff (“Staff”) of The NASDAQ Stock Market indicating that GTC has regained compliance with the minimum market value of listed securities requirement for continued listing on The NASDAQ Capital Market, as set forth in Marketplace Rule 4310 (c)(3), by exceeding $35 million of market capitalization for 10 consecutive trading days. Based on NASDAQ’s recent extension of the temporary suspension of Marketplace Rule 4450(a)(5), GTC has until at least July 20, 2009 to regain compliance with the minimum $1.00 bid price requirement for continued listing.
