OTC Markets Group Welcomes Cipher Pharmaceuticals Inc. to OTCQX
29 Januar 2024 - 1:00PM
OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets
for trading 12,000 U.S. and international securities, today
announced Cipher Pharmaceuticals Inc. (TSX: CPH; OTCQX: CPHRF), a
specialty pharmaceutical company, has qualified to trade on the
OTCQX® Best Market. Cipher Pharmaceuticals Inc. upgraded to OTCQX
from the Pink® market.
Cipher Pharmaceuticals Inc. begins trading today on OTCQX under
the symbol “CPHRF.” U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S.
investors. For companies listed on a qualified international
exchange, streamlined market standards enable them to utilize their
home market reporting to make their information available in the
U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and
demonstrate compliance with applicable securities
laws.
Craig Mull, Interim Chief Executive Officer of
Cipher commented, “Today’s announcement is an important milestone
for Cipher. We have attracted more attention from investors in the
United States recently, and our strategy to trade through a new
OTCQX stock quotation will make it easier for investors in the
world’s largest capital market to purchase shares in Cipher.”
Troutman Pepper Hamilton Sanders LLP acted as the company’s
OTCQX sponsor.
About Cipher Pharmaceuticals Inc.Cipher
Pharmaceuticals Inc. (TSX: CPH; OTCQX: CPHRF) is a specialty
pharmaceutical company with a robust and diversified portfolio of
commercial and early to late-stage products. Cipher acquires
products that fulfill unmet medical needs, manages the required
clinical development and regulatory approval process, and currently
markets those products either directly in Canada or
indirectly through partners in Canada, the U.S. and South
America. For more information, visit www.cipherpharma.com.
About OTC Markets Group Inc.OTC Markets Group
Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000
U.S. and international securities. Our data-driven disclosure
standards form the foundation of our three public markets: OTCQX®
Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide
critical market infrastructure that broker-dealers rely on to
facilitate trading. Our innovative model offers companies more
efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC
regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered
broker-dealer, member SIPC.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
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Media Contact:OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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