Evogene Back Under $1 as Nasdaq Deadline Approaches
Evogene shares fell 3.5% to $0.69 Friday, staying below Nasdaq’s $1 minimum and risking delisting if not fixed by Sept. 28. First-quarter revenue dropped to $334,000 from $2.34 million last year, with net loss widening to $5.9 million. The company is cutting non-core businesses and seeking strategic deals, but CEO Ofer Haviv said big pharma partnerships will take time.