MedWatch

Zealand Pharma to delist in US

The Danish biotech company informs US investors that trading of its American depositary shares will cease in November.

Photo: BRENDAN MCDERMID/REUTERS / Ritzau Scanpix

Zealand Pharma is returning exclusively to the stock exchange in Denmark, and on Monday, the Danish biotech company informed holders of its American depositary shares (ADS) that it intends to delist from the New York-based Nasdaq Global Select Market in the US, according to a press release.

An ADS is evidenced by an American depository receipt, or ADR, which is issued by a bank and offers a way for US investors to invest in overseas companies on line with domestic trading.

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