ADRs End Higher; BioNTech, Veolia Among Companies Actively Trading

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by Kimberly Chin

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International stock trading in New York closed with gains on Monday. The S&P/BNY Mellon Index for US Depository Receipts rose 0.1% to 163.17. The European index rose 0.1% to 148.50. The Asian index rose 0.3% to 212.75. On the other hand, the Emerging Markets Index rose 0.4% to 346.12. However, the Latin American index fell 0.8% to 179.18.

BioNTech SE’s ADR rose 8.6% on Monday after the company said it has entered into a multi-target discovery collaboration with Crescendo Biologics Ltd. to develop new immunotherapies to treat patients with cancer and other diseases. . The initial collaboration will last for three years, the companies said.

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Veolia Environment SA’s ADRs, which trade over the counter, fell 3% on Monday after the company said it was separating the functions of chief executive officer and chairman in a sweeping governance overhaul, as Estelle Brachlianoff replaced Antoine Freirot. Prepares you to succeed as CEO.

Takeda Pharmaceutical Co.’s ADR increased by 2.4% after the company said it had exercised its option to acquire the UK-based company Adaptate Biotherapeutics, which is focused on developing antibody-based therapeutics for the modulation of certain T cells. is focused. Takeda Adaptate’s antibody-based . will acquire T Cell Engager Platform, which includes its preclinical candidate and discovery pipeline programs, it said.

Write to Kimberly Chin at [email protected]

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