Curative stock continues to plummet
Troubled life sciences company Curative Health Services Inc. continues to watch its stock price decline after the recent firing of a vice president.
Nashua-based Curative ended Monday trading at 79 cents per share, down from its 52-week high of $7.20 in January.
The Nashua-based company has been trading at or below $1 per share since Sept. 28, a week after it announced it had fired James. H. Williams, vice president of Curative’s hemophilia community services, who plead guilty to tax fraud in a federal court earlier that month.
Curative shares are traded on the Nasdaq under the symbol CURE. Companies listed on the Nasdaq must maintain a minimum closing bid price of $1 per share or face delisting if the stock price falls below that for 30 consecutive business days.
Williams pleaded guilty Sept. 6 in Los Angeles federal court to three counts of tax fraud that occurred prior to his affiliation with Curative.
He was employed by Apex Therapeutic Care Inc. in Westlake Village, Calif., prior to Curative’s acquisition of that company in Feb. 2002. – CINDY KIBBE