Nasdaq Stockholm Welcomes Paxman to First North

Stockholm, June 12, 2017 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Paxman AB’s shares (short name: PAX) commenced today on Nasdaq First North in Stockholm. Paxman belongs to the health care sector and is the 52nd company to be admitted to trading on Nasdaq’s Nordic markets* in 2017.

Paxman is a global manufacturer and supplier of scalp cooling systems, developed to reduce the risk for hair loss in cancer patients undergoing chemotherapy. With over 2,500 systems delivered in to hospitals, clinics and treatment centres around the world, Paxman is one of the leading suppliers of scalp cooling technology. Paxman is headquartered in Karlshamn, Sweden, with subsidiaries in Huddersfield, UK, and Houston, USA. For more information, please visit www.paxman.se. 

“This day definitely marks one of the most important milestones in the history of our company,” said Richard Paxman, CEO of Paxman. “We have worked intensively establishing scalp cooling as a treatment for reducing chemotherapy-induced hair loss since 1996, knowing from personal experience what effects both cancer and its treatment can have on patients, friends and family. We have now begun the launch of operations in the US, and look forward to establishing Paxman as a fast-growing company with clear profitability potential. I am pleased that so many new shareholders decided to join us on this exciting journey, and wish them welcome on board.”

“We welcome Paxman to our European growth market, Nasdaq First North,” said Adam Kostyál, SVP and Head of European listings at Nasdaq. “Paxman will make a compelling addition to our growing health care sector, and we look forward to supporting them for many years to come.”

Paxman AB has appointed Erik Penser Bank 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.

About Nasdaq

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