AnPac Bio-Medical Science (NASDAQ: ANPC), a biotechnology company focused on early cancer screening and detection with operations in the United States and China, announced that its request to transfer its American Depositary Shares from the Nasdaq Global Market to the Nasdaq Capital Market has been approved. The company anticipates continuing to list on the Nasdaq Stock Market. The approval was granted under the conditions that the company must comply with certain filing requirements. The company must also show compliance with all applicable requirements for continued listing on the Nasdaq Capital Market by the end of this month. Currently, AnPac des not meet the market’s bid price requirement. The announcement noted that the company may be eligible for grace periods regarding the bid price if certain standards are met and that an extension may be possible.
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About AnPac Bio-Medical Science Co. Ltd.
AnPac Bio is a biotechnology company focused on early cancer screening and detection, with 150 issued patents as of Sept. 30, 2021. With two certified clinical laboratories in China and one CLIA- and CAP-accredited clinical laboratory in the United States, AnPac Bio performs a suite of cancer screening and detection tests, including Cancer Differentiation Analysis (“CDA”), biochemical, immunological and genomics tests. According to a report by Frost & Sullivan, AnPac Bio ranked first globally in multicancer screening and detection test sample volume, accumulative to January 2021. AnPac Bio’s CDA technology platform has been shown in retrospective validation studies to detect the risk of more than 20 different cancer types with high sensitivity and specificity. For more information about the company, visit www.AnPacBio.com.
NOTE TO INVESTORS: The latest news and updates relating to ANPC are available in the company’s newsroom at https://ibn.fm/ANPC
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