NEW YORK, Feb. 8, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that trading of Stemline Therapeutics, Inc. (Nasdaq:STML), a clinical-stage biopharmaceutical company focused on the development of novel oncology therapeutics, commenced on The NASDAQ Stock Market on January 29, 2013.
Stemline is developing novel oncology therapeutics that target both cancer stem cells (CSCs) as well as the tumor bulk. Stemline a leader in the CSC field, is developing the most clinically advanced pipeline of anti-CSC therapeutics, and possesses a broad portfolio of CSC-focused intellectual property. The Company is currently developing two late stage clinical product candidates, SL-401 and SL-701, both of which have demonstrated clinical activity, including durable complete responses (CRs), and an overall survival (OS) benefit versus historical controls in Phase 1/2 studies of advanced cancer patients.
"Stemline Therapeutics, Inc. is a company focused on developing innovative therapeutics for a wide variety of cancer types," said Bob McCooey, Senior Vice President, NASDAQ OMX Corporate Client Group. "We are proud to welcome Stemline to the NASDAQ family and look forward to supporting their endeavors as a public company."
Since its inception, NASDAQ OMX has consistently been the exchange of choice for progressive and cutting-edge health care and biopharmaceutical companies. NASDAQ currently lists 83 percent of public biotechnology and pharmaceutical companies on US markets, and welcomed 11 biotechnology and pharmaceutical companies to its markets in 2012.
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Source:The NASDAQ OMX Group, Inc.