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Morphosys Seeks US Listing To Cement Corporate Developments

 
• By Mike Ward

German biotech Morphosys has filed an F-1 registration statement with the US Securities & Exchange Commission to list the ADSs on the Nasdaq Global Market to raise its profile among US investors and raise up to $150m. Funds will primarily be used to support the company’s ambitions to commercialize MOR208 in the US.

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• Source: Shutterstock

MorphoSys AG, the Munich-based antibody biopharmaceutical company, has unveiled plans to also list on Nasdaq with a public offering of American Depositary Shares (ADSs), each equivalent to 0.25 of an ordinary share. The company’s F-1 registration statement reveals a plan to raise a maximum of $150m.

By listing the ADSs on Nasdaq, Morphosys hopes to increase its visibility in the US. Currently listed on the Frankfurt...

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