Stockholm, March 29, 2016 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Infant Bacterial Therapeutics (“IBT”) AB’s shares (short name: IBT B) commenced today on Nasdaq First North in Stockholm. IBT belongs to the health care sector and is the 12th company to be admitted to trading on Nasdaq’s Nordic markets* in 2016.
IBT is a pharmaceutical company developing drugs that meet the needs of premature infants. The company’s primary focus is on the clinical development of a certain drug candidate containing Lactobacillus reuteri. The drug prevents babies from getting necrotizing enterocolitis (“NEC”), a fatal disease that affects premature infants. IBT was established in 2013 and is headquartered in Stockholm, Sweden. For more information, please visit www.ibtherapeutics.com.
“We welcome all new shareholders to join us in our efforts to provide life-saving medications to the most vulnerable population in the world,” said Staffan Strömberg, CEO of IBT. “We are glad to be listed on Nasdaq First North enabling current and future shareholders to take part in our meaningful mission to satisfy the unmet medical needs of premature babies.”
“We welcome IBT to Nasdaq First North,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “IBT is yet another exciting addition to our growing health care sector, and we look forward to supporting the company with the increased investor visibility that comes with a First North listing.”
Infant Bacterial Therapeutics AB has appointed Erik Penser Bankaktiebolag as the Certified Adviser.
*Main markets and Nasdaq 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 (Nasdaq First North Denmark is regulated as an alternative marketplace). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq 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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