Radiotherapy firm Accuray of Sunnyvale, CA, has received a delisting notification from the Nasdaq stock market.
Accuray said it received the notice due to its failure to file its 10-Q report on time for the company's first financial quarter (end-September 27). Accuray said it has 60 days to file the 10-Q form or to submit a plan to Nasdaq to regain compliance.
Accuray earlier this month said it was delaying the filing as it investigated allegations from a former employee of improprieties in inventory handling.
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