NEW YORK, July 19, 2018 (GLOBE NEWSWIRE) — Rubius Therapeutics, Inc. (Nasdaq:RUBY), a biotechnology company pioneering the development of a new class of ready-to-use cellular therapies, rang the Nasdaq Stock Market Opening Bell in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
Rubius Therapeutics is pioneering a new era of medicines called Red Cell Therapeutics™. The company’s proprietary RED PLATFORM™ was designed to genetically engineer and culture Red Cell Therapeutics that are selective, potent and ready-to-use cellular therapies for the potential treatment of several diseases across multiple therapeutic areas. The company plans to file its first Investigational New Drug application for RTX-134 in phenylketonuria, a rare disease that affects 13,000 people in the U.S., during the first quarter of 2019, with additional INDs in 2019, 2020 and beyond.
“Rubius Therapeutics is advancing the development of Red Cell Therapeutics with the potential to treat patients with rare diseases, cancer and autoimmune diseases,” said Pablo J. Cagnoni, M.D., Chief Executive Officer. “We are honored to join the Nasdaq family as we advance our vision of providing life-changing and life-saving benefits to patients.”
“Rubius Therapeutics has been pioneering the creation of cellular therapies for patients,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “We are excited to welcome Rubius and its experienced leadership team to join Nasdaq alongside with the world’s leading biotechnology and pharmaceutical companies as they continue their journey as a public company.”
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4f510755-220f-4a53-b928-aa04be5f4dc2