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April 23, 2014 / 23 Nisan, 5774
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Posts Tagged ‘Kitov’

Another Israel Pharmaceutical Firm Goes to NASDAQ

Wednesday, October 9th, 2013

Kitov Pharmaceuticals accounted it plans to apply for listing on the NASDAQ exchange, joining Israel-based Teva and Kamada that are traded on Wall Street.

Kitov is hoping for approval from the U.S. Food and Drug Administration (FDA) after its Phase III clinical trial of a combination drug for the treatment of hypertension and pain relief.

The drug has a potential market of $10 billion, and the company’s stock in Israel has climbed almost 10-fold this year.

It also is developing a combination drug for the treatment of osteoarthritis, with the risk of hypertension and other side effects associated with current treatments, Globes reported.

Printed from: http://www.jewishpress.com/news/breaking-news/another-israel-pharmaceutical-firm-goes-to-nasdaq/2013/10/09/

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