NEW YORK, Oct. 15, 2014 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) announced that trading of Forward Pharma A/S (Nasdaq:FWP) commenced on The Nasdaq Stock Market on October 15, 2014.
Headquartered in Copenhagen, Denmark, Forward Pharma is a biopharmaceutical company focused on a proprietary formulation of an immunomodulatory compound for the treatment of multiple sclerosis and other immune-related diseases such as psoriasis.
"We are excited to welcome Forward Pharma to the growing list of biotech companies that call Nasdaq home," said Adam Kostyál, Senior Vice President, Nasdaq Listing Services. "Forward Pharma is the first Nordic company to list on Nasdaq via an F1 filing. This enables the company to remain headquartered in Denmark, while reaching investors at The Nasdaq Stock Market."
"Today, the ADSs of Forward Pharma began trading on The Nasdaq Market. We are now a publicly traded company and are proud to offer investors the opportunity to take part in Forward Pharma's future development," said Florian Schönharting, Chairman of the Board at Forward Pharma.
By listing with Nasdaq, Forward Pharma joins some of the world's largest and most revolutionary companies. Nasdaq has been the exchange of choice to 92 percent of healthcare companies that have listed on the U.S. markets year-to-date in 2014.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.
Source:The NASDAQ OMX Group, Inc.