Stockholm, December 6, 2016 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Scandinavian ChemoTech AB’s shares (short name: CMOTEC B) commenced today on Nasdaq First North in Stockholm. Scandinavian ChemoTech (“ChemoTech”) belongs to the health care sector and is the 80th company to be admitted to trading on Nasdaq’s Nordic markets* in 2016.
ChemoTech is a Scandinavian healthcare company specialized in development of cancer and pain treatments. Its lead product, IQWave, is described as a next generation electrochemotherapy device that can be used for the treatment of a wide range of tumours. The company’s long term goal is to expand its portfolio into effective pain management for cancer patients and a minimally invasive treatment method for prostate cancer. ChemoTech was founded in 2015 and has its headquarters at the IDEON Science Park in Lund, Sweden. For more information, please visit www.chemotech.se.
”The Nasdaq listing of ChemoTech marks yet another milestone for our company,” said Mohan Frick, CEO of ChemoTech. “Addressing the vast, unmet need for efficient and cost effective cancer therapy has always been the main objective for ChemoTech and we strive to make a difference for cancer patients in many parts of the world. I am strengthened and encouraged by the support we have received from both current and new investors and look forward to the journey that lies ahead of us.”
“We welcome ChemoTech to Nasdaq First North, where it will make a compelling addition to our growing health care sector,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “We congratulate ChemoTech on its listing and look forward to supporting the company for many years to come.”
Scandinavian ChemoTech AB has appointed Västra Hamnen Corporate Finance 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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