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.
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.
SOURCE OTC Markets Group Inc.