Advanced Magnetics to move listing to Nasdaq from Amex

By Lisa Kerner

Charlotte, N.C., June 15 - Advanced Magnetics, Inc. said it will list its common stock exclusively on the Nasdaq National Market effective June 27 under the trading symbol AMAG.

Following the market's close on June 26, Advanced Magnetics' common stock will no longer trade on the American Stock Exchange under the symbol AVM.

"We believe that the Nasdaq National Market will not only provide more recognition for Advanced Magnetics in the investment community, but also create a more liquid and transparent marketplace for the trading of shares of our common stock," chairman and chief executive officer Jerome Goldstein said in a company news release.

Located in Cambridge, Mass., Advanced Magnetics develops superparamagnetic iron oxide nanoparticles used in pharmaceutical products.

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