Stockholm, September 28, 2017 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Xspray Pharma AB’s shares (short name: XSPRAY) commenced today on Nasdaq First North in Stockholm. Xspray Pharma (“Xspray”) belongs to the health care sector and is the 78th company to be admitted to trading on Nasdaq’s Nordic markets* in 2017.
Founded in 2003, Xspray is a pharmaceutical company specialized in developing improved and generic versions of already marketed drugs. The company employs a patent-protected technology platform to create a pipeline of anti-cancer products with clinically relevant improvements or value enhanced generic versions for patients. Xspray primarily develops so called protein kinase inhibitors (PKI) – the second largest segment within cancer drugs – for targeted cancer treatments. For more information, please visit: www.xspraypharma.com.
“I’m convinced that we can build substantial value for our shareholders over time, as we bring improved and less costly cancer treatments to the market,” said Per Andersson, CEO of Xspray Pharma. “The IPO is a milestone for the company, as it empowers us to meet our goal to bring these new products to the market.”
“We welcome Xspray to Nasdaq First North, where it will make a compelling addition to our health care sector,” said Adam Kostyál, SVP and Head of European listings at Nasdaq. “We congratulate Xspray on its successful listing, and look forward to supporting the company with the investor exposure that comes with a Nasdaq First North listing.”
Xspray Pharma AB has appointed Redeye 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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