Delayed Nasdaq - 10:53 2022-12-09 am EST
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European ADRs Drop Sharply in Tuesday Trading

09/13/2022 | 11:03am
(MT Newswires) -- American depositary receipts of European stocks were trading 1.98% lower at 995.63 on the S&P/BNY Mellon Europe Select ADR Index on Tuesday.

In continental Europe, the only gainers were biotech firm Forward Pharma (FWP) and semiconductor company Sequans Communications (SQNS), which rose 0.9% and 0.3% respectively.

The decliners in continental Europe were led by 3D printer company Materialise (MTLS) and biopharmaceutical company DBV Technologies (DBVT), which fell 5.9% and 4.7% respectively. They were followed by financial services company Credit Suisse Group (CS) and biotech firm Zealand Pharma (ZEAL), which dropped 4.3% and 3.5% respectively.

In the UK and Ireland, the gainers were led by biopharmaceutical company Verona Pharma (VRNA) and biotech firm Trinity Biotech (TRIB), which rose 2.7% each.

The decliners in the UK and Ireland were led by biopharmaceutical companies Adaptimmune Therapeutics (ADAP) and Mereo BioPharma Group (MREO), which dropped 5.7% and 4.7% respectively. They were followed by biopharmaceutical company NuCana (NCNA) and pharmaceutical company Avadel Pharmaceuticals (AVDL), which lost 4.4% and 4.2% respectively.

MT Newswires 2022
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