Effective yesterday, Cedara Software's common shares are no longer being traded on the Nasdaq stock exchange. The Mississauga, Ontario-based firm was not able to meet the minimum shareholders' equity requirement established by Nasdaq's listing qualification panel.
Cedara's shares will continue to trade on the Toronto Stock Exchange, as well as in the U.S. on the OTC bulletin board under the symbol "CDSW." The firm said it may revisit a Nasdaq listing in the future.
In other Cedara news, the firm will be providing its I-Acquire DR product to Chinese radiation therapy equipment manufacturer Shan Dong XinHua Medical. XinHua Medical will use I-Acquire DR to power the development of its first general x-ray system, Cedara said.
By AuntMinnie.com staff writersJuly 8, 2003
Related Reading
Cedara and Medtronic ink pact, May 27, 2003
Cedara Q3 revenues plunge, May 14, 2003
Cedara returns to Nasdaq compliance, May 12, 2003
Cedara lands China distributor, April 15, 2003
Cedara debuts Vivace, March 31, 2003
Copyright © 2003 AuntMinnie.com
