Dendrite (NASDAQ:DRTE)
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From May 2019 to May 2024
Dendrite International, Inc., (NASDAQ:DRTE) a leading
provider of pharmaceutical industry solutions, today announced that it
is included in the new NASDAQ Global Select Market. According to
NASDAQ, The NASDAQ Global Select Market has the highest initial
listing standards of any exchange in the world based on financial and
liquidity requirements. Prior to the change, the company had been
listed on the NASDAQ National Market.
Beginning July 3, NASDAQ-listed companies will be classified under
three listing tiers -- NASDAQ Global Select Market, NASDAQ Global
Market, and NASDAQ Capital Market. NASDAQ also plans to launch indexes
based on these new tiers.
"Dendrite is an example of an industry leader that has achieved
superior listing standards, which clearly defines the essence of the
NASDAQ Global Select Market," said Bruce Aust, Executive Vice
President, Corporate Client Group. "NASDAQ is focused on leading a
race to the top in terms of listing qualifications. In recognizing
these companies, we are highlighting their achievement in meeting the
requirements to be included in the market with the highest listing
standards in the world," added Mr. Aust.
NASDAQ announced the new three tier listing classification in
February 2006. All three market tiers will maintain rigorous listing
and corporate governance standards. For additional information about
the NASDAQ Global Select Market, please go to:
www.nasdaq.com/GlobalSelect.
About Dendrite
Founded in 1986, Dendrite International (NASDAQ: DRTE) enables
sales, marketing, clinical and compliance solutions for the global,
pharmaceutical industry. The Company's clients are located in more
than 50 countries and include the world's top 20 pharmaceutical
companies. For more information, please visit www.dendrite.com.
About NASDAQ
NASDAQ is the largest U.S. electronic stock market. With
approximately 3,200 companies, it lists more companies and, on
average, trades more shares per day than any other U.S. market. It is
home to companies that are leaders across all areas of business
including technology, retail, communications, financial services,
transportation, media and biotechnology. NASDAQ is the primary market
for trading NASDAQ-listed stocks. For more information about NASDAQ,
visit www.nasdaq.com or the NASDAQ Newsroom at
http://www.nasdaq.com/newsroom/.
Note: Dendrite is a registered trademark of Dendrite
International, Inc.
This document may contain forward-looking statements that may be
identified by such forward-looking terminology as "expect," "believe,"
"anticipate," "will," "intend," "plan," "target," "outlook,"
"guidance," and similar statements or variations. Such forward-looking
statements are based on our current expectations, estimates,
assumptions and projections and involve significant risks and
uncertainties, including risks which may result from our dependence on
the pharmaceutical industry; fluctuations in quarterly revenues due to
lengthy sales and implementation cycles for certain of our solutions;
our fixed expenses in relation to fluctuating revenues and variations
in customers' budget cycles; dependence on certain major customers;
changes in demand for our products and services attributable to any
weakness experienced in the economy or mergers, acquisitions and
consolidations in the pharmaceutical industry; successful and timely
development and introduction of new products and versions; rapid
technological changes; increased competition; international
operations; integrating the entities we acquire; our ability to
effectively manage our growth; the protection of our proprietary
technology; our ability to compete in the Internet-related products
and services market; the continued demand for Internet-related
products and services; the ability of our third party vendors to
respond to technological change; our ability to maintain our
relationships with third-party vendors; less favorable than
anticipated results from strategic relationships; dependence of data
solutions on strategic relationships; events which may affect the U.S.
and world economies; and catastrophic events which could negatively
affect our information technology infrastructure. Other important
factors that should be reviewed and carefully considered are included
in the company's 10-K, 10-Qs, and other reports filed with the SEC.
Actual results may differ materially. The company assumes no
obligation for updating any such forward-looking statements to reflect
actual results, changes in assumptions or other changes affecting such
forward-looking statements.