12/03/2019 | Press release | Distributed by Public on 12/03/2019 02:09
December 3, 2019 - Nasdaq (Nasdaq: NDAQ) announces that trading in Faron Pharmaceuticals Oy shares (short name: FARON) commence today on Nasdaq First North Growth Market Finland. The company belongs to the Health Care sector. The shares of the company have been listed on AIM in the London Stock Exchange since 2015. Faron Pharmaceuticals is the 54th company to be admitted to trading on Nasdaq's Nordic markets* in 2019, and it represents the sixth listing on Nasdaq Helsinki in 2019.
Faron (AIM:FARN) is a clinical stage biopharmaceutical company developing novel treatments for medical conditions with significant unmet needs. The Company currently has a pipeline based on the receptors involved in regulation of immune response in oncology and organ damage. Clevegen®, its precision immunotherapy, is a novel anti-Clever-1 antibody with the ability to switch immune suppression to immune activation in various conditions, with potential across oncology, infectious disease and vaccine development. Currently in phase I/II clinical development as a novel macrophage checkpoint immunotherapy for patients with untreatable solid tumours, Clevegen® has potential as a single-agent therapy or in combination with other immune checkpoint molecules or other cancer standard cares. Traumakine®, the Company's pipeline candidate to prevent vascular leakage and organ failures, has completed a phase III clinical trial in Acute Respiratory Distress Syndrome (ARDS). Plans for its future development are being finalised to avoid interfering steroid use together with Traumakine®. Faron is based in Turku, Finland. For more information: www.faron.com
'We are delighted to have our shares now listed also at the Nasdaq First North Growth Market in Helsinki. A secondary listing will enhance the company's visibility and facilitate the trading of the stock in the Nordic countries, where we have several Finnish and Scandinavian shareholders,' says Markku Jalkanen, the CEO of Faron Pharmaceuticals.
'We welcome Faron Pharmaceuticals to Nasdaq First North Growth Market Finland,' said Henrik Husman, President of Nasdaq Helsinki. 'It is great that the company dual lists its shares on Nasdaq First North so that the Nordic investors can easier trade on the company's shares. We look forward to a lasting partnership with the company and its shareholders.'
Faron Pharmaceuticals Oy has appointed Sisu Partners Oy as its Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm
About Nasdaq First North Growth Market
Nasdaq First North Growth Market is a registered SME growth market, as defined by the Directive on Markets in Financial Instruments (EU 2014/65). 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 Growth Market and not the legal requirements for admission to trading on a regulated market, such as the Nasdaq Nordic Main Market. The risk in such an investment may be higher than on the main market.
The Premier segment within Nasdaq First North Growth Market is designed to further assist companies in raising investor visibility and to prepare them for a Main Market listing. The Premier segment targets companies that make a conscious decision to comply with higher disclosure and accounting standards than imposed under the Nasdaq First North Growth Market rules.
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