NEW YORK, Sept. 25, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that trading of Ophthotech Corp. (Nasdaq:OPHT), a biotechnology company focused on the development of innovative therapeutics to treat diseases of the eye, commenced on The NASDAQ Stock Market on September 25, 2013.
Ophthotech is a biopharmaceutical company specializing in the development of novel therapeutics to treat diseases of the eye. The company's most advanced product candidate is Fovista™ anti-PDGF therapy, which it is developing for use in combination with anti-VEGF drugs that represent the standard of care for the treatment of wet age-related macular degeneration. Wet age-related macular degeneration is the leading cause of blindness in patients over the age of 55 in the United States and the European Union.
"NASDAQ OMX looks forward to a continued partnership with Ophthotech and its shareholders," said Nelson Griggs, Senior Vice President, NASDAQ OMX Corporate Client Group.
Ophthotech joins a variety of cutting-edge biotechnology companies that call NASDAQ OMX home. NASDAQ has been the exchange of choice to 100 percent of biotechnology companies that have listed on the U.S. markets year-to-date in 2013.
About NASDAQ OMX Group:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
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