News by Subject
News by Disease
News by Date
Post Your News
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
US & Canada
Post an Event
News | News By Subject | News by Disease |
News By Date | Search News
Epigenomics AG Establishes American Depositary Receipt (ADR) Program
7/9/2013 10:44:36 AM
Get the latest biotech news where you want it. Sign up for the free
GenePool newsletter today!
Berlin, Germany, and U.S.A., July 9, 2013 - Epigenomics AG (Frankfurt Prime Standard: ECX), the German-American cancer molecular diagnostics company, today announced that the Company has established a Level 1 ADR program in the U.S.A. BNY Mellon has been appointed as the depositary bank for the ADR program. ADRs of Epigenomics are US dollar negotiable certificates representing ordinary shares of the Company at a ratio of five ordinary shares to one Epigenomics ADR. Epigenomics ADRs can be traded on the US OTC market effective as of July 9, 2013 under the ticker symbol EPGNY. Ordinary Epigenomics shares are traded in Frankfurt Prime Standard, Germany, under the ticker symbol ECX.
“In the light of our focused US strategy and the upcoming decision about the approval of our blood-based test for the early detection of colorectal cancer, Epi proColon®, we experience growing interest of US investors,” explained Dr. Thomas Taapken, CEO/CFO of Epigenomics AG. “We established the ADR program as a service to offer those investors an easy way to buy our shares and to consequently broaden the shareholder base in our core market.”
Contact Epigenomics AG
Antje Zeise, Manager IR | PR Epigenomics AG
Kleine Präsidentenstrasse 1
10178 Berlin Tel. +49 (0) 30 24345 368 email@example.com www.epigenomics.com
For US press inquiries: Epigenomics, Inc. 9700 Great Seneca Highway Rockville
Maryland 20850 firstname.lastname@example.org
About Level 1 American Depositary Receipt (ADR) Program
The Level 1 ADR program allows US investors to trade shares in the form of securities
from companies that are not listed in the US. ADRs represent ordinary shares of a
company at a certain ratio. They are traded on the US over-the-counter (OTC) market
and are issued according to the demand (Unsponsored) or in cooperation with one
designated depositary bank that acts as the transfer agent (Sponsored). The price
generally tracks the price of the foreign security in its home market, adjusted for the
ratio of ADRs to foreign company shares.
Epigenomics (www.epigenomics.com) is a molecular diagnostics company developing
and commercializing a pipeline of proprietary products for cancer. The Company’s
products enable doctors to diagnose cancer earlier and more accurately, leading to
improved outcomes for patients. Epigenomics’ lead product, Epi proColon®, is a bloodbased
test for the early detection of colorectal cancer, which is currently marketed in
Europe and is in development for the U.S.A. The Company’s technology and products
have been validated through multiple partnerships with leading global diagnostic
companies and testing laboratories. Epigenomics is an international company with
operations in Europe and the U.S.A.
Epigenomics legal disclaimer
This communication expressly or implicitly contains certain forward-looking statements
concerning Epigenomics AG and its business. Such statements involve certain known and
unknown risks, uncertainties and other factors which could cause the actual results, financial
condition, performance or achievements of Epigenomics AG to be materially different from
any future results, performance or achievements expressed or implied by such forwardlooking
statements. Epigenomics AG is providing this communication as of this date and
does not undertake to update any forward-looking statements contained herein as a result of
new information, future events or otherwise.
The information contained in this communication does not constitute nor imply an offer to
sell or transfer any product, and no product based on this technology is currently available
for sale by Epigenomics in the United States or Canada. The analytical and clinical
performance characteristics of any Epigenomics product based on this technology which may
be sold at some future time in the U.S. have not been established.
Help employers find you! Check out all the jobs and post your resume.