Denmark's Forward Pharma plans IPO

2 October 2014

Denmark-based Forward Pharma A/S today announced it has commenced an underwritten initial public offering (IPO) of its American Depositary Shares (ADSs).

Forward is a biopharmaceutical company working to advance a proprietary formulation of dimethyl fumarate for the treatment of multiple sclerosis and other immune disorders such as psoriasis.

The company currently expects the IPO price to be between $20.00 and $22.00 and the ADSs are expected to trade on the Nasdaq under the ticker symbol "FWP." Leerink Partners LLC, Jefferies and RBC Capital Markets are acting as book-running managers. JMP Securities is acting as co-manager.

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