Trouble for deCODE
Iceland biotech linkurl:deCODE Genetics;https://www.the-scientist.com/2008/4/1/20/1/ is taking a hit from the global financial downswing. The company's stock price has plunged 54% since September to $0.45 a share. According to NASDAQ's s regulations, companies must keep their share prices over $1. DeCODE dipped below $1 on September 10, and has 180 days to bounce back to maintain a NASDAQ listing. (The company's net worth, $27.88 million, puts it above the $5 million -- not $50 million, as lin
Written byAndrea Gawrylewski
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Andrea Gawrylewski worked at The Scientist from 2007 to 2009.
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