Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Cytori Therapeutics to Voluntarily Delist From the Frankfurt Stock Exchange to Consolidate Trading on the NASDAQ Global Market; Move in Response to Shift in Volume toward NASDAQ.


SAN DIEGO -- Cytori Therapeutics (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: CYTX) (Frankfurt: XMPA XMPA X-ray Electron Microprobe Analysis
XMPA Extensible Media Protection Architecture
) is voluntarily delisting from the Frankfurt Stock Exchange Frankfurt Stock Exchange

The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS.
 (FSE FSE

1. feline spongiform encephalopathy.

2. focal symmetrical encephalomalacia.
). The move is primarily in response to the significant shift in trading volume Trading volume

The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares.
 since December 2005 from the FSE toward the NASDAQ Global Market, where Cytori will maintain its primary listing. Cytori's last day of trading on the FSE will be September 25, 2007. Following this date, shares owned in Germany, the United States, or elsewhere may continue to be traded through the NASDAQ Global Market under the symbol CYTX.

"This is an opportunity to consolidate trading on one of the most efficient international stock markets, the NASDAQ Global Market, where the vast majority of our shares now trade, while simultaneously reducing redundant fees and expenses associated with a dual listing," said Mark Saad, Chief Financial Officer for Cytori. "All our shareholders will be optimally supported by the single listing and the European investment community will continue to be a priority for us, given our global reach as a regenerative medicine company."

Investors, brokers and other shareholder representatives are encouraged to contact Cytori's investor relations Investor relations

The process by which the corporation communicates with its investors.
 department directly with any questions at 858-458-0900.

Cytori Therapeutics

Cytori Therapeutics is developing and seeks to commercialize stem and regenerative cell therapies for cardiovascular disease Cardiovascular disease
Disease that affects the heart and blood vessels.

Mentioned in: Lipoproteins Test

cardiovascular disease 
, reconstructive surgery reconstructive surgery
n.
Plastic surgery.


reconstructive surgery,
n surgery to rebuild a structure for functional or esthetic reasons.
 and many other serious, chronic, and life threatening conditions. To provide these therapies, physicians remove a small amount of a patient's fat, also known as adipose tissue, and run it through Cytori's Celution[TM] System. This System quickly separates and concentrates stem and regenerative cells from adipose tissue so they may be quickly administered back to the patient about an hour later. This system will dramatically improve the way in which personalized cell-based therapies can be delivered to patients. www.cytoritx.com

Cautionary Statement Regarding Forward-Looking Statements

This press release includes forward-looking statements regarding events, trends and prospects of our business, which may affect our future operating results and financial position. Such statements are subject to risks and uncertainties that could cause our actual results and financial position to differ materially. Some of these risks and uncertainties include our history of operating losses, the need for further financing, regulatory uncertainties, dependence on performance of third parties, and other risks and uncertainties described (under the heading "Risk Factors") in Cytori Therapeutics' Form 10-K annual report for the year ended December 31, 2006. We assume no responsibility to update or revise any forward-looking statements to reflect events, trends or circumstances after the date they are made.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jun 26, 2007
Words:413
Previous Article:HKEx Extends Technology System Partnership with OMX for the Support of its Derivatives Trading and Clearing Systems.
Next Article:Gain Insight in to the Office Services & Supplies Industry in Asia-Pacific.
Topics:



Related Articles
Bishops prepare for synod aftermath.
The Holy Grail: will cellulosic ethanol replace petroleum?
Global warming votes.
Writings on the wall: is employee motivation a dying concept? It shouldn't be.
Parts time: east meets west in an unusual supply chain partnership.
Pricing report shows decline in pet prices after Chinese withdrawal.
The driving force: investment demand drives precious metals markets.
Time World Markets High-Pressurized Oxygen Capsule - Video Report.
Telemark's Customer Satisfaction Report: NTT Com the Winner of Three 'Diamond Awards'.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles