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The company was founded in 1981 by Professors Earl W. Davie and Benjamin D. Hall of the University of Washington and 1993 Nobel Laureate in Chemistry Michael Smith of the University of British Columbia. Soon after its founding, ZymoGenetics began working on recombinant proteins with Denmark's Novo Nordisk, and was acquired by that company in 1988. It was spun off as a public company in 2000, and its shares trade on the NASDAQNASDAQ originally an acronym for National Association of Securities Dealers Automated Quotations is a stock exchange run by the National Association of Securities Dealers. When it began trading on February 8, 1971, it was the world's first electronic stoc stock marketA stock market is a market for the trading of publicly held company stock and associated financial instruments (including stock options, convertibles and stock index futures). Traditionally such markets were open-outcry where trading occurred on the floor under the ticker symbolA stock symbol or ticker symbol is a shorthand code used to uniquely identify shares of a publicly-traded corporation on a particular stock market. A stock symbol may either be comprised of letters, numbers or a combination of both. S stock symbol history ZGEN.
ZymoGenetics' headquarters are in the landmark Lake UnionLake Union is a freshwater lake completely within the Seattle, Washington city limits. A glacial lake, its basin was dug 12,000 years ago by the Vashon glacier, which also created Lake Washington, and Seattle's Green, Bitter, and Haller Lakes. Part of the Steam Plant building, built from 1914Events January 4 77 seal hunters freeze to death on ice near Labrador January 5 Ford Motor Company announces an eight-hour workday and a minimum wage of $5 for a day's labor February 13 Copyright: In New York City the ASCAP (for American Society of Compos to 1921Events January 2 The first religious radio broadcast ( KDKA AM in Pittsburgh, Pennsylvania) January 2 Spanish liner Santa Isabel sinks off Villa Garcia 244 dead January 2 DeYoung Museum in Golden Gate Park San Francisco opens. January 20 Republic of Turke by Seattle City Light , the municipal electric utilityA public utility is a company that maintains the infrastructure for a public good. Public utilities are generally regarded in some places as natural monopolies or as specially regulated sectors. In command economies, these functions are generally performe.