Stockholm, February 3, 2016 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Xbrane Biopharma AB’s shares (short name: XBRANE) commenced today on Nasdaq First North in Stockholm. Xbrane belongs to the health care sector and is the 2nd company to be admitted to trading on Nasdaq’s Nordic markets* in 2016.
Xbrane is a Swedish biopharmaceutical company specialized in High Demand Complex Generics. The company has strong expertise in two niche pharmaceutical fields; developing bio generics for controlled release drugs and proprietary high-yield protein expression technology for the development of biosimilars. The goal is to become a global leader within the company’s portfolio of High Demand Complex Generics currently consisting of 8 drug candidates. Headquartered in Stockholm, Sweden, Xbrane has in-house research and development facilities in Sweden and Italy. For more information, please visit www.xbrane.com.
“We are very excited about taking yet another significant step in to becoming a major global pharmaceutical player within our niche," said Martin Åmark, CEO of Xbrane Biopharma. “With the capital raised in conjunction with the listing, we are now fully financed to execute our expansion plan and continue to grow quickly by leveraging our patented technology and unique know-how in order to provide affordable high demand complex generics for critical diseases.”
“We welcome Xbrane Biopharma to our Nordic growth market, Nasdaq First North” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “Xbrane will make a strong addition to our vibrant health care sector, and we look forward to supporting the company for many years to come.”
Xbrane Biopharma AB has appointed Avanza 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”
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