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Orphazyme names the last day of trading in US

Crisis-struck Orphazyme has set a date for when trading with its American Depositary Shares (ADSs) ceases in the US: Wednesday, July 6.

Photo: CARLO ALLEGRI/REUTERS / X02452

Danish biotech company Orphazyme, which is currently undergoing an in-court restructuring of its organization, reports that trading of its American Depositary Shares (ADSs) will terminate on July 6, a company press release has announced. Secondary trading of these assets ended last Friday.

Orphazyme writes that it has received a notification from the Bank of New York Mellon, saying that holders of American Depositary Receipts (ADRs), which represent proof of ownership of Orphazyme ADSs, have been notified of the termination date on April 5.

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