Deutsche Bank Appointed as Depositary Bank for the Level II American Depositary Receipt (ADR) Program of Morria Biopharmaceuticals Plc
NEW YORK & LONDON--(BUSINESS WIRE)-- Deutsche Bank (DB) today announced its appointment as depositary bank for the Level II American Depositary Receipt (ADR) program of Morria Biopharmaceuticals Plc (Morria).
Morria Biopharmaceuticals PLC is a biopharmaceutical emerging growth company focused on the development of non-steroidal, synthetic anti-inflammatory drugs. Morria has developed a class of synthetic drugs termed MFAIDs (Multi-Functional Anti-Inflammatory Drugs) representing a new therapeutic platform for the treatment of a wide range of inflammatory diseases such as allergies and autoimmune diseases. Morria currently has two lead product candidates in its clinical pipeline, both of which have completed first-in-patient clinical studies. MRX-4, a nasal spray for treating allergic rhinitis (hay fever), and MRX-6, a topical cream for treating contact dermatitis (a common type of eczema). Morrias business strategy is to expand and build a biopharmaceutical business to gradually focus on a spectrum of inflammatory diseases based on its current and upcoming first in class product candidates, that will fill the current unmet need for safe and potent alternatives to steroids.
Mark Cohen, Executive Chairman of Morria said This ADR listing will allow for broad and diversified investor exposure within the US with potentially greater liquidity. It also provides us with a flexible mechanism for raising capital in the future. We are pleased to be working with Deutsche Bank which has an excellent track record in healthcare finance and strong relationships with investors in both the U.S. and Europe.
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, We are delighted to be appointed as the depositary bank for Morrias ADR program. Deutsche Bank's range of customized ADR-related services will be utilized to assist in enhancing its ADR program visibility and broadening its investor base."
About Deutsche Bank Trust & Securities Services
Deutsche Banks Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.adr.db.com or www.tss.db.com.
This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.
The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Services Authority. This notice has been approved and/or communicated by Deutsche Bank AG London. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© December 2012 Deutsche Bank AG. All rights reserved.
Deutsche Bank AG
Press & Media Relations
Mayura Hooper, +1 212 250 5536
Source: Deutsche BankCopyright Business Wire 2012