BioLight Israeli Life Sciences Investments Begins Trading on OTCQX®
NEW YORK, Feb. 20, 2014
NEW YORK, Feb. 20, 2014 /PRNewswire/ --OTC Markets Group Inc. (OTCQX: OTCM),
operator of Open, Transparent and Connected financial marketplaces, today
announced that BioLight Israeli Life Sciences Investments Ltd. (TASE: BOLT;
OTCQX: BLGTY), a firm that invests in, manages and commercializes biomedical
innovations grouped into clusters around defined medical conditions, has
chosen to have its American Depositary Receipts (ADRs) trade on OTCQX®, ^ the
Best Marketplace with Qualified Companies.
OTC Markets Group logo.
BioLight ADRs, where each ADR represents 100 ordinary shares, begin trading
today under the symbol "BLGTY" on OTCQX International, a segment of the OTCQX
marketplace reserved for high-quality non-U.S. companies that are listed on a
qualified international exchange and provide their home country disclosure to
U.S. investors. U.S. investors can find current financial disclosures and
Real-Time Level 2 quotes for the company at www.otcmarkets.com.
"We are pleased to welcome BioLight to the OTCQX marketplace," said R.
Cromwell Coulson, President and CEO of OTC Markets Group. "Led by its
Chairman Mr. Israel Makov, the former CEO and President of Teva
Pharmaceuticals, and world–renowned management team and base investors with
significant pharmaceutical and biomedical experience, BioLight is one of the
most exciting companies in Israel today. By initiating an ADR program and
trading on OTCQX, BioLight now has access to the world's largest pool of
investors to help accelerate growth while providing U.S. investors a quality
trading and information experience."
"We are delighted to have BioLight's ADRs begin trading on the OTCQX," said
Suzana Nahum Zilberberg, CEO of BioLight. "BioLight's business model offers
U.S. investors the opportunity for a single investment that provides access to
a robust portfolio of novel products, leveraging knowledge synergies and
economies of scale in therapeutic-specific clusters."
BNY Mellon serves as BioLight's Principal American Liaison ("PAL") on OTCQX,
and is responsible for providing professional guidance on OTCQX requirements.
BioLight invests in, manages and commercializes biomedical innovations grouped
into "clusters" around defined medical conditions. The two current clusters
are in ophthalmology via 100% ownership of XLVision Sciences and in cancer
diagnostics via a 29% controlling ownership of Micromedic (TASE: MCTC).
XLVision technologies include IOPtimate™, a laser-based noninvasive surgical
treatment for glaucoma; TeaRx, a point-of-care dry-eye syndrome diagnostic
test; and Eye-D™, a long-term controlled release drug-delivery implant
platform. Micromedic diagnostic tests are designed to detect colorectal,
cervical, breast, bladder, lung and other cancers. Base key investors,
holding about 55% of BioLight's shares, are Mr. Israel Makov, Chairman of Sun
Pharmaceuticals and Given Imaging and former CEO and President of Teva
Pharmaceuticals, with Mr. Dilip Shanghvi, founder of Sun Pharmaceuticals,
India's largest pharmaceutical company, and Mr. Dan Oren, founder and CEO of
Dexcel Pharma, the second-largest pharmaceutical manufacturer in Israel.
For more information please visit the Company's website at www.bio-light.co.il
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(212) 896-4428; BioLight: Itai Bar-Natan, CFO (firstname.lastname@example.org),
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