July 1, 2015 - Nasdaq (Nasdaq: NDAQ) announced that trading in FIT Biotech Oy shares (short name: FITBIO) commenced today on Nasdaq First North in Helsinki. The company belongs to the Health Care sector. Nasdaq First North is a Multilateral Trading Facility (MTF) aimed towards emerging growth companies and is operated by Nasdaq Nordic exchanges.
FIT Biotech is a biotechnology company founded in 1995 focusing on DNA-vaccines and gene therapy. The company has developed a patented gene transfer technology, GTU®(Gene Transport Unit). The technology is used in developing DNA-vaccines for preventive as well as therapeutic use in diseases such as HIV and tuberculosis. In gene therapy FIT targets cancer as well as autoimmune diseases. Additional fields of use are under active study. For more information, please visit www.fitbiotech.com
”The listing and the funds raised in the initial public offering with the strengthening of the balance sheet through the offering, position the company well to implement its business plan together with a broader shareholder basis. We welcome you to join us in developing Finnish international biotech business,” says Kalevi Reijonen, CEO of FIT Biotech Oy.
“We are excited to welcome FIT Biotech Oy to Nasdaq First North where we today have already 16 companies listed in Finland. The listing of FIT Biotech represents already the 8th listing on Nasdaq Helsinki this year,” said Lauri Rosendahl, President of Nasdaq Helsinki. “FIT Biotech will make a great addition to our Health Care sector, and we look forward to a long-standing partnership with the company and its shareholders.”
Adam Kostyál, Senior Vice President and Head of listings at Nasdaq Nordic said: “We are pleased to see continued strong progress with the listings across our Nordic markets. The listing of FIT Biotech is already the 60th company to be admitted to trading on Nasdaq’s Nordic markets* in 2015.
FIT Biotech Oy has appointed Translink Corporate Finance Oy as its Certified Adviser.
*Main markets and First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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