BG Medicine meets Nasdaq requirements, shares soar

|About: BG Medicine, Inc. (BGMD)|By:, SA News Editor

BG Medicine (BGMD) jumps 15.2% after saying late yesterday that it has received confirmation that it is in compliance with the listing requirements of the Nasdaq Capital Market.

In November, when BG Medicine was traded on the Nasdaq Global Market, Nasdaq warned the firm that it was in breach of the exchange's requirements.

BG asked to transfer to the Capital Market, which has less strict rules; Nasdaq approved, but the company still had to meet the new requirements.