NASDAQ OMX Welcomes MedCore AB to First North
Stockholm, December 20, 2010 - NASDAQ OMX, announces that the trading in MedCore AB (MCOR) shares will commence today on First North at NASDAQ OMX Stockholm. MedCore belong to the health care sector and is the ninth company to be admitted to trading on First North in 2010.
MedCore was founded in 2000 and is engaged in the distribution of medical products on the Nordic healthcare market. The company operates within the areas of medical technology, medical devices, diabetes and surgery. Its portfolio consists of temperature regulatory products, ambulatory pumps, BoneScalpel, BioComposite Implant, heart valves and others. MedCore's customers are enterprises within the healthcare market in the Nordic countries, as well as the pharmacy market in Sweden.
Jenny Rosberg, Senior Vice President, NASDAQ OMX said, "We are happy to welcome MedCore to First North and look forward to supporting them in growing their visibility towards investors on a local, European and global level. MedCore makes a great contribution to the health care sector on First North."
MedCore's CEO, Sverker Olofsson commented, "This is just one of the changes that the company is going through. MedCore needed a suit to better fit the company that is evolving. In addition, we have plans to add necessary industry expertise to the board in order to ensure our growth strategy".
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First North is regulated as a multilateral trading facility, operated by the different exchanges within NASDAQ OMX Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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