ADRs End Mostly Higher, H World and RedHill BioPharma Trade Actively
December 02 2022 - 5:37PM
Dow Jones News
By Kathryn Hardison
International stocks trading in New York closed mostly higher
Friday.
The S&P/BNY Mellon index of American depositary receipts
rose 0.2% to 144.57. The European index moved 0.1% higher to
139.55, the Asian index rose 0.6% to 167.49, the Latin American
index fell 0.1% to 189.44 and the emerging markets index increased
0.9% to 284.29.
H World Group Ltd. and RedHill Biopharma were among the
companies with ADRs that traded actively.
ADRs of H World Group increased 5.9% on Friday following news
that Hui Chen will step down as finance chief of the company,
effective immediately. The company said Jihong He, its chief
executive for international business, has been appointed as its new
CFO.
ADRs of RedHill Biopharma dropped 27% after the company priced
an $8 million underwritten public offering. The offering is
expected to close Dec. 6.
ADRs of GSK PLC increased 0.9% after the pharmaceutical company
said a Phase 3 trial for its Jemperli treatment for advanced or
recurrent endometrial cancer met its primary endpoint, showing
meaningful improvement in progression-free survival.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
December 02, 2022 17:22 ET (22:22 GMT)
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