BERKELEY, Calif., March 16, 2010 (GLOBE NEWSWIRE) -- XOMA Ltd. (Nasdaq:XOMA) announced today that it has received a Staff Determination letter from The NASDAQ Stock Market LLC (“NASDAQ”) indicating that the company has not regained compliance with the minimum $1.00 per share requirement for continued inclusion on The NASDAQ Global Market, pursuant to NASDAQ Listing Rule 5450(a)(1) . As a result, the company’s common shares would be subject to delisting from The NASDAQ Global Market unless XOMA requests a hearing before a NASDAQ Listing Qualifications Panel (the “Panel”). Accordingly, XOMA intends to timely request a hearing before the Panel, which request will stay the delisting of the company’s common shares pending the issuance of the Panel’s decision following the hearing.
