TORONTO and CHICAGO and MONTREAL, June 15, 2021 (GLOBE NEWSWIRE) — Medexus Pharmaceuticals announced today that it has received final approval for listing of the Company’s common shares on the Toronto Stock Exchange. In connection with the graduation of the Common Shares, the Company’s convertible debentures and certain of the Company’s common share purchase warrants which are currently listed for trading on the TSX Venture Exchange, will also be up-listed to the TSX.
“Medexus has demonstrated impressive growth since its listing on the TSX Venture Exchange, and given the success and the size of the Company, it is a logical next step in our growth path to graduate to the TSX. Such a move creates an opportunity to increase our Company profile and liquidity,” said Ken d’Entremont, CEO of Medexus. “Additionally, we feel confident that graduating to a senior exchange will provide us with access to a broader range of institutional shareholders.”
The Common Shares, the Convertible Debentures and the Warrantsare all expected to begin trading on the TSX effective as of commencement of trading on June 17th, 2021. Upon listing on the TSX, the Listed Securities will continue to trade under the ticker symbols “MDP”, “MDP.DB” and “MDP.WT”, respectively. In conjunction with the graduation to the TSX, the Listed Securities will be concurrently delisted from the TSXV prior to commencement of trading on the TSX. Holders of the Listed Securities are not required to take any action in connection with the graduation to the TSX.
In light of this accelerated listing opportunity, the Company has decided to delay its previously announced plans to list on The Nasdaq Capital Market® (the “Nasdaq”). The Company continues to believe that a dual-listing would be beneficial and re-affirms its intention to obtain a Nasdaq listing in the future. However, at this time, the Company has determined that the graduation to the TSX will provide an opportunity to increase exposure and liquidity, while advancing other ongoing initiatives to enhance shareholder value as it evaluates the timing of a dual-listing on Nasdaq.
About Medexus Pharmaceuticals
Medexus is a leader in innovative rare disease treatment solutions with a strong North American commercial platform. From a foundation of proven best in class products we are building a highly differentiated company with a portfolio of innovative and high value orphan and rare disease products that will underpin our growth for the next decade. The Company’s vision is to provide the best healthcare products to healthcare professionals and patients, through our core values of Quality, Innovation, Customer Service and Teamwork. Medexus Pharmaceuticals is focused on the therapeutic areas of auto-immune disease, hematology, and allergy. The Company’s leading products are: Rasuvo and Metoject, a unique formulation of methotrexate designed to treat rheumatoid arthritis and other auto-immune diseases; IXINITY, an intravenous recombinant factor IX therapeutic for use in patients 12 years of age or older with Hemophilia B – a hereditary bleeding disorder characterized by a deficiency of clotting factor IX in the blood, which is necessary to control bleeding; and Rupall®, an innovative prescription allergy medication with a unique mode of action.
For more information, please contact:
Ken d’Entremont, Chief Executive Officer
Medexus Pharmaceuticals Inc.
Tel.: 905-676-0003
E-mail: ken.dentremont@medexus.com
Roland Boivin, Chief Financial Officer
Medexus Pharmaceuticals Inc.
Tel.: 514-344-8765
E-mail: roland.boivin@medexus.com
Investor Relations (U.S.):
Crescendo Communications, LLC
Tel: +1-212-671-1020
Email: mdp@crescendo-ir.com
Investor Relations (Canada):
Tina Byers
Adelaide Capital
Tel: 905-330-3275
E-mail: tina@adcap.ca
