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    LumiraDx Faces Nasdaq Delisting: What Does It Mean for Investors? | FinOracle

    Market Trends & Social Media Insights – October 12, 2024 18:28

    LumiraDx Faces Nasdaq Delisting: What Does It Mean for Investors? | FinOracle

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    LumiraDx Faces Nasdaq Delisting: What Does It Mean for Investors? | FinOracle

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LumiraDx Faces Nasdaq Delisting: What Does It Mean for Investors?

LumiraDx, a UK-based diagnostics company, faces delisting from Nasdaq due to non-compliance with listing requirements. Its appeal has been withdrawn following administrative changes and an impending acquisition by Roche, a global healthcare company. LumiraDx's innovative microfluidic diagnostic technology has earned it recognition in the industry.

by Mark Eisenberg
Sat, Jan 6, 2024 3:53am
in Investing
• 2 mins read
14.7k
LumiraDx Faces Nasdaq Delisting: What Does It Mean for Investors? | FinOracle

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LumiraDx to be Delisted from Nasdaq: Non-Compliance with Listing Requirements

LumiraDx Limited, a UK-based diagnostics company, is facing suspension from the Nasdaq Stock Market due to its failure to comply with the exchange’s listing requirements. The company, known for its point of care diagnostic technology, has been notified of its non-compliance, specifically regarding the minimum bid price requirement, since October 2023.

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Tags: AIARBoard of directorsCESCommunityCompanyDeFiEfficiencyGrowthHealthHealthcareInnovationInterestInvestorLeverMarketNasdaqOpportunitiesPartnershipPotentialPriceRocheSECStockStock marketTechnologyU.S. Securities and Exchange CommissionUS
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