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Coronado Biosciences Commences Public Trading on the OTC Bulletin Board
Date:11/17/2011

BURLINGTON, Mass., Nov. 17, 2011 /PRNewswire/ -- Coronado Biosciences, Inc. (OTCBB: CNDO), a company focused on novel immunotherapy biologic agents for the treatment of autoimmune diseases and cancer, today announced that its common stock has been approved for quotation on the OTC Bulletin Board and has commenced trading under the ticker symbol CNDO.

On November 15, 2011, the Form S-1 registration statement filed by Coronado to permit the resale of shares of the Company's common stock by participants in certain of the Company's private placements was declared effective by the U. S. Securities and Exchange Commission.

"Entering the public markets is a significant milestone for Coronado and allows our Company's value to be appreciated by a broader group of investors," commented Dr. Bobby W. Sandage, Jr., Coronado's President and CEO.  "As our lead products advance through clinical development, it is critical for Coronado to increase its visibility within the investment community and to make common stock available for any investors who recognize our current progress and future potential.  We look forward to creating additional value for our current shareholders who have supported us thus far, as well as new shareholders."

About Coronado Biosciences

Coronado Biosciences is engaged in the development of novel immunotherapy biologic agents.  The Company's two principal pharmaceutical product candidates in clinical development are: CNDO-201, a biologic for the treatment of autoimmune diseases, such as Crohn's disease, ulcerative colitis and multiple sclerosis; and CNDO-109, a biologic that activates natural killer (NK) cells, for the treatment of acute myeloid leukemia (AML) and solid tumors.  For more information, please visit www.coronadobiosciences.com.  

Forward-Looking Statements

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