MorphoSys prices IPO at $25.04 per ADS, trading commences today

|About: MorphoSys AG (MOR)|By:, SA News Editor

MorphoSys AG (OTCPK:MPSYY) prices its IPO of 8.3M American Depositary Shares (ADSs) at $25.04. Each ADS represents 1/4 of an ordinary share. Trading starts today under the symbol (NASDAQ:MOR).

The late-stage biopharmaceutical firm has a broad pipeline of over 100 candidates, 28 in the clinic. Lead drug is MOR208 for diffuse large B-cell lymphoma.

2017 Financials (€M): Revenues: 66.8 (+34.4%); Operating Expenses: 133.8 (+21.9%); Net Loss: (69.8) (-15.6%); Cash Consumption: (38.4) (+17.6%).

Update: Shares opened at $26.16.

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