Copenhagen, November 16, 2017 — Nasdaq (Nasdaq: NDAQ) announces today that trading in Orphazyme A/S shares opens at 9.00 am CET on Nasdaq Copenhagen’s main market. The Orphazyme share belongs to the Mid Cap segment in the ICB sector 4500 – Health Care. Orphazyme is the 96th company to be admitted to trading on Nasdaq’s Nordic markets* in 2017.
The Orphazyme share will trade under shortname ORPHA TEMP until the offering and registration of new shares with the Danish Business Authority has been completed. Once completed the share will trade under the shortname ORPHA.
Orphazyme is a Danish biotech company founded in 2009 on the discovery of the cell protective function of so-called heat shock proteins. Orphazyme has translated this HSP function into late stage clinical development programmes. The objective is to develop new therapies for patients suffering from protein misfolding diseases. Orphazyme expects to have completed three potential registration studies by the end of 2020 with the first potential marketing authorisation expected in 2020.
Orphazyme CEO Anders Hinsby said: “We are grateful for the positive feedback we received throughout the roadshow. With the raised proceeds, we expect to be able to complete our three phase II/III trials, one phase II trial as well as fund general research and development activities for the coming period. We will work hard to deliver on our shareholders’ expectations for the benefit of patients with a significant unmet medical need.”
Adam Kostyál, Senior Vice President Global Listing Services EMEA, said: “We are proud to welcome Orphazyme to the Nasdaq Copenhagen exchange. With more than 60 pct of total equity turnover coming from outside the Nordics, Nasdaq’s Nordic market is a unique showcase opportunity to the high street of the capital markets, where investors today find an attractive opportunity to diversify in a growing Danish biotech and healthcare sector on a transparent and regulated market.”
*Main Market and Nasdaq First North
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