LEXINGTON, Mass.--(BUSINESS WIRE)--NitroMed, Inc. (NASDAQ: NTMD) reported today that on February 28, 2008 the company received a letter from the NASDAQ Stock Market’s Listing Qualifications Department providing notification that, for the last 30 consecutive business days, NitroMed’s common stock has closed below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Global Market under NASDAQ Marketplace Rule 4450(a)(5), referred to as the minimum bid price rule. NASDAQ stated in such notification that, in accordance with NASDAQ Marketplace Rule 4450(e)(2), NitroMed has 180 calendar days, or until August 26, 2008, to regain compliance with the minimum bid price rule.
