CytoSorbents regains compliance with Nasdaq min bid price requirement

CytoSorbents announces that it has regained compliance with the Nasdaq Stock Market’s minimum bid price requirement of $1.00 per share. Dr. Phillip Chan, Chief Executive Officer of CytoSorbents stated, “We are pleased to confirm that CytoSorbents is now back in full compliance with Nasdaq’s listing requirements, strengthening our market position as we approach our expected regulatory submissions for DrugSorb(R)-ATR marketing approval to U.S. FDA and Health Canada in the next several months. With recent operational progress on the clinical, regulatory, commercial, manufacturing, and financing fronts, coupled with continued aggressive cost cutting, we have been systematically putting into place the foundation of what we believe will be an exciting new phase of our business.”