Home > Press > Nanogen Announces Change in Board of Directors
Nanogen, Inc. (Nasdaq:NGEN), developer of advanced diagnostic products, announced that Dr. William G. Gerber, a non-independent member of the company's board of directors, resigned from the board, effective as of May 1, 2007. His resignation restores compliance with NASDAQ Marketplace Rule 4350(c)(1), which requires a majority of members of the board of directors to be comprised of independent directors. The non-compliance resulted from the appointment of Dr. Heiner Dreismann, a non-independent director, to the company's board on October 31, 2006.
Nanogen Announces Change in Board of Directors
San Diego, CA | Posted on May 12th, 2007
The board of directors now is comprised of five (5) directors, three (3) of whom are independent within the meaning of the applicable NASDAQ listing standards.
On May 10, 2007, Nanogen, Inc. received a Nasdaq Staff Deficiency Letter indicating that the Company did not comply with the requirement for continued listing set forth in NASDAQ Marketplace Rule 4350(c)(1). As of the date of this press release, the company is again in full compliance with Nasdaq Marketplace Rule 4350(c)(1).
About Nanogen, Inc.
Nanogenís advanced technologies provide researchers, clinicians and physicians worldwide with improved methods and tools to predict, diagnose, and ultimately help treat disease. The company's products include real-time PCR reagents, the NanoChipģ electronic microarray platform and a line of rapid, point-of-care diagnostic tests. Nanogenís ten years of pioneering research involving nanotechnology holds the promise of miniaturization and continues to be supported for its potential for diagnostic and biodefense applications.
Nanogen Forward-Looking Statement
This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements, including whether patents owned or licensed by Nanogen will be developed into products, whether the patents owned by Nanogen offer any protection against competitors with competing technologies, whether products under development can be successfully developed and commercialized, whether results reported by our customers or partners can be identically replicated, and other risks and uncertainties discussed under the caption "Factors That May Affect Results" and elsewhere in Nanogenís Form 10-K or Form 10-Q most recently filed with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. Nanogen disclaims any intent or obligation to update these forward-looking statements.
For more information, please click here
Robert Saltmarsh, Chief Financial Officer, 858-410-4600
Suzanne Clancy, Corporate Communications, 858-410-4688
Porter Novelli Life Sciences
Kim Richards, Media & Investor Relations, 619-849-5377
Copyright © Business Wire 2007
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Study finds long-term survival of human neural stem cells transplanted into primate brain April 23rd, 2014
High-Performance, Low-Cost Ultracapacitors Built with Graphene and Carbon Nanotubes: Future devices based on technology could bridge gap between batteries and conventional capacitors in portable electronics and hybrid electric vehicles April 23rd, 2014
Guo Lab Shows Potential of RNA as Heat-resistant Polymer Material for Nanoarchitectures April 23rd, 2014
National Space Society Congratulates SpaceX on the Success of CRS-3 and the First Flight of the Falcon 9R April 22nd, 2014
Nanobiotix Appoints Thierry Otin as Head of Manufacturing and Supply April 15th, 2014
Industry Veteran Fergus Clarke Joins Picodeon as CEO: Appointment comes as Picodeon prepares for growth April 8th, 2014
Peter B. Littlewood appointed Director of Argonne National Laboratory March 26th, 2014
Global 450 consortium announces new general manager of internal operations: TSMCís Cheng-Chung Chien Receives Unanimous Support, Brings History of Innovation and Efficiency to Global Consortium of Companies Driving Industry Transition to 450mm Wafer Technology March 26th, 2014