NEW YORK, Oct. 27, 2016 (GLOBE NEWSWIRE) -- Ra Pharmaceuticals Inc. (Nasdaq:RARX), a clinical stage biopharmaceutical company focusing on the development of next-generation therapeutics for diseases of complement dysregulation, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market on October 26, 2016.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/d59a5715-0c97-4d3d-a5e3-bb4d47a6045b
Ra Pharmaceuticals uses its proprietary peptide chemistry Extreme Diversity™ platform to develop novel therapeutics for the treatment of diseases that are caused by excessive or uncontrolled activation of the complement system, which is a critical component of the body’s immune system. The Company’s lead compound, RA101495, is a self-administered subcutaneous injection that is entering Phase 2 development for the treatment of paroxysmal nocturnal hemoglobinuria, or PNH, a life-threatening blood disorder.
“Listing on Nasdaq is an important milestone for our Company that we are very proud to have achieved,” said Douglas Treco, Ph.D., Chief Executive Officer and Co-Founder of Ra Pharmaceuticals Inc. “Nasdaq is home to many of the world’s most innovative biotechnology companies, and we are honored to now be among them. We look forward to executing on our clinical strategy in our quest to create novel therapies for patients and value for our shareholders.”
“Ra Pharmaceuticals is developing the next generation of therapies to treat complex autoimmune diseases,” said Nelson Griggs, Executive Vice President, Listing Services, Nasdaq. “As the leading exchange for some of the world’s most successful life sciences companies, we are proud to be the listing partner of Ra Pharmaceuticals as they continue to develop therapies that will improve the lives of people with these serious and sometimes debilitating diseases.”
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