NASDAQ Welcomes Kamada Ltd. [KMDA] to The NASDAQ Stock Market
NEW YORK, May 31, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that trading of Kamada Ltd. (Nasdaq:KMDA), a plasma-derived protein therapeutics company, commenced on The NASDAQ Stock Market on Friday, May 31, 2013. Kamada Ltd. is now dually-listed on The NASDAQ Stock Market and the Tel Aviv Stock Exchange under the ticker symbol KMDA.
Kamada an orphan drug focused, plasma-derived protein therapeutics company with an existing marketed product portfolio and a robust late-stage product pipeline. Kamada develops and produces specialty plasma-derived protein therapeutics and currently market these products through strategic partners in the United States and directly, through local distributors, in several emerging markets. The Company's uses its proprietary platform technology for the extraction and purification of proteins from human plasma to produce Alpha-1 Antitrypsin (''AAT'') in a high purity, liquid form, as well as other plasma-derived proteins. Kamada's flagship product, Glassia, the first and only liquid, ready-to-use, intravenous plasma-derived AAT product approved by the U.S. Food and Drug Administration is marketed through a strategic partnership with Baxter International Inc. in the U.S. The Company also has a product line of nine other injectable pharmaceutical products, which are marketed in more than 15 countries, including Israel, Russia, Brazil, India and other countries in Latin America, Eastern Europe and Asia. Kamada currently has five plasma-derived protein products in its development pipeline, including an inhaled formulation of AAT for treatment of AAT deficiency that is in pivotal Phase II/III clinical trials in Europe and is entering into Phase II clinical trials in the U.S. In addition, Kamada leverages its expertise and presence in the plasma-derived protein therapeutics market by distributing ten complementary products in Israel that are manufactured by third parties.
"NASDAQ congratulates Kamada on its listing on The NASDAQ Stock Market, which will continue to provide the company with the opportunity to strengthen its global presence while continuing to market its existing successful therapeutics in the U.S. market," said Nelson Griggs, Senior Vice President, NASDAQ OMX. "We are happy to be the exchange of choice for Kamada's U.S. listing and look forward to celebrating many milestones with Kamada and its shareholders in the years to come."
Since its inception, NASDAQ OMX has consistently been the exchange of choice for progressive and cutting-edge healthcare companies Kamada Ltd., Portola Pharmaceuticals, Chimerix Inc. and Tetraphase Pharmaceuticals Inc which are among the healthcare companies to list on The NASDAQ Stock Market in 2013. The NASDAQ Stock Market is currently home to more than 70% of healthcare companies listed on U.S. markets.
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