NEW YORK, July 24, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ ) announced that trading of Heat Biologics (Nasdaq: HTBX ), a clinical-stage biopharmaceutical company focused on the development of novel cancer immunotherapies, commenced on The NASDAQ Stock Market on July 24, 2013 under the ticker symbol "HTBX."
Heat Biologics is a clinical-stage company focused on developing its proprietary ImPACT Therapy to combat a wide variety of cancers. ImPACT elicits powerful immune response within a patient by exploiting the natural ability of antigens to activate the immune system. Heat Biologics will use the proceeds of the IPO to fund its Phase II clinical trials against lung cancer and plans to initiate additional clinical trials against bladder cancer later this year.
"Heat Biologics is a groundbreaking company and committed to applying its proprietary ImPACT technology to treat a wide range of cancers," said Nelson Griggs, Senior Vice President, NASDAQ OMX Corporate Client Group. "We are pleased to welcome Heat Biologics to The NASDAQ Stock Market, and look forward to supporting them as a public company for many years."
NASDAQ OMX has consistently been the exchange of choice for progressive and cutting-edge health care companies like PTC Therapeutics, Portola Pharmaceuticals Inc., Chimerix Inc. and bluebird bio, Inc. Year-to-date in 2013, NASDAQ OMX has welcomed over 90 percent of the health care companies that have listed on U.S. markets.
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