Stockholm, April 10, 2013 — NASDAQ OMX (NASDAQ:NDAQ) announced that NeuroVive Pharmaceutical AB (“NeuroVive”), a Small Cap company within the Healthcare sector, today starts trading of its shares on the main market of NASDAQ OMX Stockholm. NeuroVive was previously listed on Aktietorget and is the first company to list on NASDAQ OMX Nordic main markets this year. NeuroVive will continue to trade under the same ticker symbol, NVP.
NeuroVive is a leading mitochondrial medicine company that is developing a portfolio of products to treat acute cardiovascular and neurological conditions through mitochondrial protection. Its products, CicloMulsion® and NeuroSTAT®, are special formulations of the cyclophilin inhibitor cyclosporine for two prioritized indications, the prevention of reperfusion injury following stenting after myocardial infarction and traumatic brain injury respectively. CicloMulsion® is currently in a 1,000 patient Phase III trial assessing its ability to reduce overall mortality and the number of patients developing heart failure in patients with myocardial infarction. NeuroSTAT® is soon entering a Phase II clinical trial in patients with traumatic brain injury. For more information, please visit www.neurovive.com.
“Our move to NASDAQ OMX Stockholm is an important step forward in the growth and development of our company,” said Mikael Bronnegard, CEO of NeuroVive. “Through this listing NeuroVive will gain international exposure and access to a broader and deeper pool of investors that will be vital as we look to finance our strategy which is designed to maximize shareholder value from our leading position in mitochondrial medicine.”
“NeuroVive operates in a market space with significant potential and will make an exciting addition to our healthcare sector and our main market,” said Adam Kostyal, Senior Vice President at NASDAQ OMX. “NeuroVive is one of several companies listed at alternative growth markets that have opted for a switch to NASDAQ OMX in order to take advantage of the unique investor exposure and strong liquidity that we offer.”
To view a CEO interview from the NeuroVive listing ceremony click here.
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