NEW YORK, Oct. 10, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that trading of MacroGenics, Inc. (Nasdaq:MGNX), a biopharmaceutical company dedicated to discovering and developing innovative therapeutics for the treatment of cancer and autoimmune diseases, commenced on The NASDAQ Global Select Market on October 10, 2013.
MacroGenics is a clinical-stage biopharmaceutical company focused on discovering and developing innovative monoclonal antibody-based therapeutics for the treatment of cancer and autoimmune diseases. MacroGenics creates both differentiated molecules that are directed to novel cancer targets, as well as "bio-betters," which are drugs designed to improve upon marketed medicines. The combination of MacroGenics' technology platforms and antibody engineering expertise has allowed the company to generate promising product candidates and enter into several strategic collaborations with global pharmaceutical and biotechnology companies.
"MacroGenics is dedicated to advancing the products that treat patients with cancer and other complex diseases," said Nelson Griggs, Senior Vice President, NASDAQ OMX Corporate Client Group. "NASDAQ congratulates MacroGenics on their successful listing and we look forward to our partnership with MacroGenics and its shareholders in the years to come."
MacroGenics joins a variety of cutting-edge biotechnology companies that call NASDAQ OMX home. NASDAQ has been the exchange of choice to 97 percent of biotechnology companies that have listed on U.S. markets year-to-date in 2013.
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Source:The NASDAQ OMX Group, Inc.