NEW YORK, Dec. 15, 2016 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market today announces the first day of trading for TiGenix NV (Nasdaq:TIG) (TiGenix), a Belgium based biopharmaceutical company. To commemorate its initial public offering in the United States, the Company visited the Nasdaq MarketSite in Times Square for the closing bell ceremony.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/77d1f649-5be1-456c-bca6-b95f8382b5b8
TiGenix develops and commercializes novel therapeutics from its proprietary technology platforms of allogeneic, or donor-derived, stem cells. The Company’s lead product candidate, Cx601 is in registration with the European Medicines Agency for the treatment of complex perianal fistulas in Crohn’s disease patients. Earlier this year, TiGenix entered into a licensing agreement with Takeda, a large pharmaceutical company active in gastroenterology, under which Takeda acquired the exclusive right to commercialize Cx601 for complex perianal fistulas outside the United States. The Company anticipates initiating a Phase III trial to register Cx601 in the United States during the first six months of 2017.
“Being listed on Nasdaq is a significant milestone for TiGenix. We look forward to being a part of the U.S. markets and initiating our Phase III plans for Cx601 in the U.S. and further developing our product platforms for other disease opportunities,” said Eduardo Bravo, Managing Director & Chief Executive Officer, TiGenix.
“Nasdaq is excited to include TiGenix in our family of leading and disruptive biopharmaceutical companies,” said Nelson Griggs, Executive Vice President, Head of Global Listings, Nasdaq. “The Company’s history of developing innovative and safe treatment options for a broad range of inflammatory and autoimmune diseases speaks to the core value of Nasdaq. We are truly proud that TiGenix chose Nasdaq as their listing partner as they continue to advance with their clinical development and global commercialization of their products.”
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