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Cyanotech

This article was originally published in The Tan Sheet

Executive Summary

Nasdaq sends Cyanotech delisting warning letter June 18 for "failure to comply with the $1 minimum bid price." Company has until Sept. 16 to regain compliance. Also, FDA acknowledges receipt of May 28 joint letter from firm and Earthrise Nutritionals asking agency to stop evaluating ingredient spirulina as being GRAS for use in bars, powdered nutritional drink mixes while firms "clarify and prepare additional information for a new notice." Cyanotech and Earthrise jointly had submitted a GRAS petition for spirulina microalgae March 21 (1"The Tan Sheet" April 22, 2002, In Brief)...

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