Stockholm, April 4, 2017 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Isofol Medical AB’s shares (short name: ISOFOL) commenced today on Nasdaq First North Premier in Stockholm. Isofol Medical belongs to the health care sector and is the 21st company to be admitted to trading on Nasdaq’s Nordic markets* in 2017.
Isofol Medical is a clinical stage pharmaceutical company headquartered in Gothenburg, Sweden. Its lead candidate, Modufolin, is a novel folate-based therapy developed to increase the efficacy and reduce the side effects of antimetabolites used in cancer treatment. Through a worldwide exclusive license agreement, Isofol Medical holds the rights to commercialise Modufolin with access to the patented production process and the production capabilities of Merck KGaA in Darmstadt, Germany. For more information, please visit www.isofolmedical.se.
“I am pleased to say that the interest in Isofol has been very big, especially from knowledgeable investors in Sweden, Europe and the US,” said Anders Rabbe, CEO of Isofol Medical. “This means that we have secured the financing of the final pivotal study and that we can now focus on bringing Modufolin to the patients.”
“We welcome Isofol Medical to Nasdaq First North Premier,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “Isofol Medical joins our strong and growing health care sector, and we look forward to supporting the company for many years to come.”
Isofol Medical AB has appointed FNCA Sweden AB 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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