Last €0.61 EUR
Change Today +0.001 / 0.16%
Volume 400.0
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As of 1:01 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

bg medicine inc (RBM) Snapshot

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03/25/14 - €1.69
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12/16/14 - €0.19
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bg medicine inc (RBM) Details

BG Medicine, Inc., a diagnostics company, develops and commercializes novel cardiovascular diagnostic tests to address unmet medical needs in the United States. The company offers BGM Galectin-3 test, a novel assay for measuring galectin-3 levels in blood plasma or serum for use as an aid in assessing the prognosis of patients diagnosed with heart failure; and CardioSCORE test, which is designed to identify individuals at high risk for cardiovascular events, such as heart attack and stroke. It has license, development, and commercialization agreements with Abbott Laboratories, Alere Inc., bioMérieux SA, and Siemens Healthcare Diagnostics Inc. for the development of galectin-3 test on their automated instrument platforms; and a strategic collaboration with Abbott Laboratories to develop and commercialize galectin-3 assay kits, and related control kits and calibrators. The company was formerly known as Beyond Genomics, Inc. and changed its name to BG Medicine, Inc. in October 2004. BG Medicine, Inc. was founded in 2000 and is headquartered in Waltham, Massachusetts.

23 Employees
Last Reported Date: 03/27/14
Founded in 2000

bg medicine inc (RBM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $258.5K
Chief Scientific Officer and Senior Vice Pres...
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2013.

bg medicine inc (RBM) Key Developments

BG Medicine Announces Receipt Of Favorable NASDAQ Listing Determination

BG Medicine, Inc. announced its receipt of a favorable decision from the Listing Qualifications Department (the "Staff") of The NASDAQ Stock Market LLC ("NASDAQ"), which granted the Company's request for continued listing on NASDAQ, pursuant to an extension within which to evidence compliance with NASDAQ Listing Rule 5550(b) (the "Rule"). In the Company's case, the Rule requires the Company to evidence either a minimum of $2.5 million in stockholders' equity or a market capitalization of at least $35 million. The Company is diligently working to evidence compliance with the Rule on or before May 19, 2015, as required by the Staff.

BG Medicine, Inc. Announces U.S. Food and Drug Administration's 510(k) Clearance for Galectin-3 Testing

BG Medicine, Inc. announced that on December 29, 2014, the U.S. Food and Drug Administration made publicly available the 510(k) clearance for premarket notification number K140436, which represents the first automated version of galectin-3 testing to receive regulatory clearance in the United States. BG Medicine, Inc. is the developer of the BGM Galectin-3 Test, which is the FDA-cleared manual microtiter plate version of the galectin-3 test, and the licensor of this first automated galectin-3 assay, which is used with the Abbott ARCHITECT fully-automated immunoassay analyzer. The new assay will be commercialized through an agreement between BG Medicine and Abbott Laboratories. As cleared by the FDA, galectin-3 testing may be used by doctors in conjunction with clinical evaluation as an aid in assessing the prognosis of patients diagnosed with chronic heart failure.

BG Medicine Receives Non-Compliance Notice From NASDAQ

On November 20, 2014, BG Medicine, Inc. received written notice from the Listing Qualifications Department of The NASDAQ Stock Market LLC (NASDAQ) indicating that the Company did not meet the minimum $2.5 million in stockholders’ equity, required by NASDAQ Listing Rule 5550(b)(1), which is one of the alternative tests for continued listing on The NASDAQ Capital Market. In the Company’s Form 10-Q filed on August 14, 2014, the Company reported stockholders’ equity of $1,696,000 for the period ended September 30, 2014. In addition, the notice indicates that the Company does not meet the other alternative tests of market value of listed securities or net income from continuing operations and therefore, no longer complies with the continued listing rule. The notice has no immediate effect on the listing or trading of the Company’s common stock and the common stock will continue to trade on The NASDAQ Capital Market. The notice further provides that the Company has 45 calendar days, or until January 4, 2015, to submit a plan to regain compliance with the continued listing rule. If NASDAQ accepts the Company’s plan to regain compliance, the Company may be granted an extension of up to 180 calendar days from the notice, or until May 19, 2015, to evidence compliance with NASDAQ’s continued listing rule. The Company is currently considering options to resolve this listing deficiency and the deficiency disclosed on Form 8-K filed September 11, 2014 (described below) and to regain compliance. However, there can be no assurance that the Company will be able to regain compliance with The NASDAQ Capital Market listing requirements.


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