MedWatch

Orphazyme ADS holders given July deadline

After July 11, the Bank of New York Mellon can choose to sell the underlying shares.

Photo: Nikolaj Skydsgaard/REUTERS / X07081

The owners of Orphazyme’s American Depository Shares (ADSs), which are evidenced by American Depository Receipts (ADRs), must contact the Bank of New York Mellon, which owns the underlying shares, before July 11, the firm writes in a press release.

After that date, ADR owners can pay a set fee of USD 17.50 plus an extra charge of up to USD 0.05 per ADR to for the underlying shares.

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