MONTGOMERYVILLE, Pa.--(BUSINESS WIRE)--PhotoMedex, Inc. (Nasdaq:PHMD) (the “Company”) announced today that it received notification from The Nasdaq Stock Market (“Nasdaq”) on September 15, 2009 that the Company was not in compliance with the $1.00 minimum bid price requirement for continued listing on Nasdaq’s Global Market exchange under Nasdaq Marketplace Rule 4450(a)(5) (the “Rule”). Such a notification letter is issued when the bid price of a Nasdaq-listed company closes below $1.00 per share bid price for 30 consecutive business days. The closing price of PhotoMedex stock has been below $1.00 since August 3, 2009.
