16.12.2024 07:00:14

Xlife Sciences AG Announces the Intended Listing of VERAXA Biotech AG on the NASDAQ Stock Exchange in the 2025 Fiscal Year

Xlife Sciences AG / Key word(s): IPO/Market launch
Xlife Sciences AG Announces the Intended Listing of VERAXA Biotech AG on the Nasdaq Stock Exchange in the 2025 Fiscal Year

16-Dec-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.


Zurich, 16th of December 2024: Xlife Sciences AG (SIX: XLS) announces the planned listing of its portfolio company, VERAXA Biotech AG, on the NASDAQ Stock Market, New York, USA, following the unanimous resolution passed at the Regular Board Meeting on December 13, 2024. The listing is scheduled for fiscal year of 2025 and will be executed in collaboration with an experienced consortium and selected institutional investors.

VERAXA Biotech AG, a Suisse-headquartered biopharmaceutical company with R&D operations in Heidelberg, Germany, specializes in the development of next-generation antibody drug-candidates (ADCs) and bispecific T cell engagers. Both drug classes have the potential to bring transformational improvements to cancer medicine at large and have been at the heart of significant licensing and M&A activity in recent years in the industry. VERAXA Biotech AG is on a promising growth path and intends to out-license or partner its first assets in 2025.

Oliver R. Baumann, CEO of Xlife Sciences AG, commented: «The planned listing of VERAXA Biotech on the US NASDAQ Stock Exchange is a strategic decision to accelerate the growth of the company and its pipeline. Interest in the pharmaceutical industry and the medical community in such novel cancer therapies remains very high. VERAXA aims to position itself at the forefront of the continued evolution of these therapies and aims to bring products to market that are both highly effective and much safer to use compared to today’s standard of care. In addition, this important milestone represents another successful exit for our valued shareholders and demonstrates the quality and value of our portfolio.»

VERAXA Biotech resulted from a merger between Velabs Therapeutics GmbH and Araxa Biosciences GmbH in 2021, both spin-out companies from the European Molecular Biology Laboratory (EMBL), Heidelberg, one of Europe’s most renowned institutes for life science research and technology development. The company has grown its therapeutic pipeline organically, via partnerships and through the acquisition of a clinical-stage program to address certain blood-borne cancers in 2023. In 2024, VERAXA has launched its novel BiTAC technology, a patented novel strategy to increase the safety and efficacy of future cancer therapies and signed a research collaboration to develop novel radiopharmaceuticals enabled by its proprietary click-chemistry platform.

 

Financial calendar

Annual Report 2024 25 April 2025
Annual Shareholders Meeting 2025 24 June 2025
Half-Year Report 2025 23 September 2025

Contact
Information for investors and journalists: Xlife Sciences AG, Dr. Dennis Fink, dennis.fink@xlifesciences.ch

Xlife Sciences AG, 
Talacker 35, 
8001 Zurich, 
Switzerland,
Phone +41 44 385 84 60
info@xlifesciences.ch, www.xlifesciences.ch
Commercial Register Zurich CHE-330.279.788 
Stock Exchange: SIX Swiss Exchange



End of Inside Information
Language: English
Company: Xlife Sciences AG
Talacker 35
8001 Zürich
Switzerland
Phone: +41 44 385 84 60
E-mail: info@xlifesciences.ch
Internet: www.xlifesciences.ch
ISIN: CH0461929603
Valor: A2PK6Z
Listed: SIX Swiss Exchange
EQS News ID: 2051385

 
End of Announcement EQS News Service

2051385  16-Dec-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2051385&application_name=news&site_id=finanzen_net~~~069d1026-6a45-454f-953c-2a2c4451f1d6

Analysen zu Xlife Sciences AGmehr Analysen

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!

Aktien in diesem Artikel

Xlife Sciences AG 25,00 -3,85% Xlife Sciences AG