MELBOURNE, Australia, Aug. 12, 2015 (GLOBE NEWSWIRE) -- Gordagen Pharmaceuticals, a private biopharmaceutical and nutraceutical company developing and commercializing pharmaceuticals and nutraceuticals based on tocotrienols, today announced its engagement with Ascendiant Capital Markets LLC to serve as the Company's United States investment banker and corporate financial advisor.
Dr. Glenn Tong, CEO and Managing Director of Gordagen Pharmaceuticals, commented, "We expect our relationship with Ascendiant Capital to enable Gordagen to strengthen our financing opportunities and build institutional investor interest in the US as we execute our growth strategy and drive our products to market. In addition, by engaging with a strong US investment bank, we believe we will be able to add to an already solid pedigree of international institutional investors that understand the value opportunity for Gordagen. We have been most impressed with the industry knowledge of Dr. Brian Davies and Dr. Chris Gayde, two Managing Directors of Ascendiant, and look forward to working with them and their team."
Felda Wellness Corporation, the cornerstone investor in Gordagen Pharmaceuticals' Series A financing round completed in January 2014, has expressed strong support for this Series B financing round.
"We have been very pleased with Gordagen Pharmaceuticals' achievements to date, which include the establishment of a cGMP manufacturing capability, the commencement of an ICH-GCP clinical development program and putting in place a robust strategy to bring a deep portfolio of high value nutraceuticals and prescription medicines to market," commented Mr. Mohd Nasir bin Shafion, the Chief Executive Officer of Felda Wellness Corporation.
Separately, Gordagen expects to prepare for an initial public offering (IPO) in the United States and a listing on the Nasdaq Stock Exchange.
About Gordagen Pharmaceuticals Pty Ltd
Gordagen Pharmaceuticals is a privately-held Australian company developing and commercializing evidence-based prescription medicines and nutraceuticals based on natural tocotrienols, found in vitamin E. The Company has developed a novel approach to delivering highly potent tocotrienols to target tissues using its proprietary and patented MELT3 delivery technology. The Company is focusing on tocotrienols with wide therapeutic potential, for the treatment of heart health, muscle soreness and exercise endurance and a range of indications with unmet medical needs (ie. Hyperlipidemia, hypertension and diabetes) www.gordagen.com.
About Ascendiant Capital Markets
Ascendiant Capital Markets LLC is registered with the U.S. Securities and Exchange Commission (SEC) as a broker-dealer, and is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). Ascendiant works on a best efforts basis with all clients.
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CONTACT: Investor and Media Inquiries: Paris Brooke - Australia and Asia Ph: +61 (0) 407 715 574 David Burke, The Ruth Group - Americas, Europe Ph: +1 646-536-7009 Ascendiant Capital Markets Contact: Chris Gayde Ph: +1 949-259-4918 Email: firstname.lastname@example.org