LEXINGTON, Mass.--(BUSINESS WIRE)--NitroMed, Inc. (NASDAQ: NTMD) reported that on September 16, 2008 it received a letter from The NASDAQ Stock Market’s Listing Qualifications Department providing notification that, for the last 30 consecutive business days, the bid price of NitroMed’s common stock has closed below the minimum $1.00 per share requirement for continued inclusion on The NASDAQ Global Market under NASDAQ Marketplace Rule 4450(a)(5), referred to as the minimum bid price rule. NASDAQ stated in such notification that, in accordance with NASDAQ Marketplace Rule 4450(e)(2), NitroMed has 180 calendar days, or until March 16, 2009, to regain compliance with the minimum bid price rule.
