BioTime, Inc. Announces Approval For NYSE Amex Listing
23 October 2009 - 5:57AM
Business Wire
BioTime, Inc. (OTCBB: BTIM), a biotechnology company that
develops and markets products in the field of stem cells and
regenerative medicine, today announced that its common stock and
warrants have been approved for listing on the NYSE Amex. Trading
is expected to commence on the NYSE Amex on Friday, October 30,
2009 under the same ticker symbols ‘BTIM’ (NYSE Amex: BTIM) for the
common stock and “BTIMW” for the warrants. Prior to that date,
BioTime's shares and warrants will continue to trade on the
Over-The-Counter (OTC) Bulletin Board.
“We are pleased to be moving our stock listing from the OTC
Bulletin Board to the NYSE Amex,” said Michael D. West, Ph.D.,
President and Chief Executive Officer of BioTime, Inc. “This
listing marks an important strategic advancement for the Company in
regard to raising our profile in the stem cell sector and improving
our stock’s liquidity. It will also improve our visibility as we
continue to make progress on our corporate objectives.”
“We welcome BioTime, Inc. to the NYSE Euronext family of listed
companies and to NYSE Amex,” said Scott Culter, NYSE Euronext
Executive Vice President and Head of Listings, Americas. “BioTime
and the company’s shareholders will benefit from superior market
quality and technology, a broad array of issuer and investor
services, and global brand association. We look forward to building
a strong and lasting partnership with the BioTime team and their
shareholders.”
About BioTime, Inc.
BioTime, headquartered in Alameda, California, is a
biotechnology company focused on regenerative medicine and blood
plasma volume expanders. BioTime develops and markets research
products in the field of stem cells and regenerative medicine
through its wholly owned subsidiary Embryome Sciences, Inc.
BioTime’s subsidiary OncoCyte Corporation focuses on the
therapeutic applications of stem cell technology in cancer. BioTime
also plans to develop therapeutic products in China for the
treatment of ophthalmologic, skin, musculo-skeletal system and
hematologic diseases, including the targeting of genetically
modified stem cells to tumors as a novel means of treating
currently incurable forms of cancer through its subsidiary BioTime
Asia. In addition to its stem cell products, BioTime markets blood
plasma volume expanders and related technology for use in surgery,
emergency trauma treatment, and other applications. BioTime's lead
product, Hextend®, is a blood plasma volume expander manufactured
and distributed in the U.S. by Hospira, Inc. and in South Korea by
CJ CheilJedang Corp. under exclusive licensing agreements.
Additional information about BioTime can be found on the web at
www.biotimeinc.com.
Forward-Looking Statements
Statements pertaining to future financial and/or operating
results, future growth in research, technology, clinical
development and potential opportunities for the company and its
subsidiaries, along with other statements about the future
expectations, beliefs, goals, plans, or prospects expressed by
management constitute forward-looking statements. Any statements
that are not historical fact (including, but not limited to
statements that contain words such as “will,” “believes,” “plans,”
“anticipates,” “expects,” “estimates,”) should also be considered
to be forward-looking statements. Forward-looking statements
involve risks and uncertainties, including, without limitation,
risks inherent in the development and/or commercialization of
potential products, uncertainty in the results of clinical trials
or regulatory approvals, need and ability to obtain future capital,
and maintenance of intellectual property rights. Actual results may
differ materially from the results anticipated in these
forward-looking statements and as such should be evaluated together
with the many uncertainties that affect the company's business,
particularly those mentioned in the cautionary statements found in
the company's Securities and Exchange Commission filings. The
company disclaims any intent or obligation to update these
forward-looking statements.
To receive ongoing BioTime corporate communications, please
click on the following link to join our email alert list:
http://www.b2i.us/irpass.asp?BzID=1152&to=ea&s=0
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