AsianScientist (Jun 25, 2014) – Cellular Biomedicine Group Inc., a biomedicine firm engaged in the development of new treatments for degenerative and cancerous diseases, has commenced trading on NASDAQ under the ticker symbol “CBMG”.
“We are extremely proud to be an early pure-play biotechnology company from China to be approved for listing on The NASDAQ Capital Market and are gratified to have reached this significant milestone in the Company’s history. We believe this achievement will provide greater visibility for our stock and that this accomplishment demonstrates to our shareholders our commitment to building shareholder value while improving the quality of life for countless patients,” stated Dr. Wei (William) Cao, Chief Executive Officer of Cellular Biomedicine Group.
Mr. Bizuo (Tony) Liu, Chief Financial Officer of Cellular Biomedicine Group, commented, “Following a comprehensive evaluation of all U.S. exchanges, we determined that The NASDAQ Capital Market was the best fit for Cellular Biomedicine Group. CBMG has met and will remain subject to all the NASDAQ listing requirements”.
The NASDAQ Capital Market is the largest U.S. equities exchange by number of companies and volume, with approximately 3,200 member-companies. Nasdaq-listed companies are leaders across all areas of business including biotechnology, industrials, technology, retail, communications, financial services, transportation, and media.
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Source: Cellular Biomedicine Group.
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