NEW YORK, Feb. 11, 2014 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM) congratulates RXI Pharmaceuticals Corp.
(NASDAQ: RXII) on its approval to list on the NASDAQ Capital
Market. RXI is moving to NASDAQ from OTCQX®, the best
marketplace for qualified companies.
(Logo:
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO)
RXI Pharmaceuticals, a U.S. biotechnology company that is
developing innovative therapies based on its proprietary,
next-generation RNA interference ("RNAi") technology, joined OTCQX
on June 19, 2013. Since that
time, the company's average 30-day share volume has increased more
than six-fold to 170,000. RXI's current market capitalization
is $58 million.
"We congratulate RXI on its NASDAQ listing and wish them
continued success in their growth as a public company," said
R. Cromwell Coulson, President and
CEO of OTC Markets Group.
OTCQX is the U.S. marketplace of choice for U.S. and global
companies that are looking to execute their business plans and grow
into a U.S. stock exchange listing. Other companies that have
moved from OTCQX to a U.S. stock exchange in recent years include:
Altisource Asset Management Corp., American Eagle Energy Corp.,
B2Gold Corp., Empire Resources Inc., Organovo Holdings, Inc., Rio
Alto Mining Ltd. and Tiptree Financial Inc.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and
Connected financial marketplaces for 10,000 U.S. and global
securities. Through our OTC Link® ATS, we directly link a diverse
network of broker-dealers that provide liquidity and execution
services for a wide spectrum of securities. We organize these
securities into marketplaces to better inform investors of
opportunities and risks – OTCQX®, The Best Marketplace with
Qualified Companies; OTCQB®, The Venture Stage Marketplace with
U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with
Variable Reporting Companies. Our data-driven platform enables
investors to easily trade through the broker of their choice at the
best possible price and empowers a broad range of companies to
improve the quality and availability of information for their
investors. To learn more about how we create better informed and
more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link® ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.