HSAI Hesai Group

By Sabela Ojea

International stocks trading in New York closed lower on Monday.

The S&P/BNY Mellon index of American depositary receipts fell 0.3% to 151.40. The Latin American index posted the largest percentage loss, down 1% to 182.77. The European index declined 0.4% to 151.74, the Asian index decreased 0.1% to 166.14, and the emerging markets index lost 0.5% to 275.22.

ADRs of Avadel Pharmaceuticals on Monday closed up 12% to $11.73 after the Dublin-based company said its Lumryz narcolepsy treatment received final approval from the U.S. Food and Drug Administration to address excessive day-time sleepiness.

Ascendis Pharma AS ADRs closed up 24% to $86.74 after the Denmark-based biopharmaceutical company said the FDA turned away its application seeking approval of TransCon PTH for adults with hypoparathyroidism but didn't request any new studies.

ADRs of Hesai Group closed up 15% at $10.34 after the designer of laser radar that facilities autonomous driving said it signed a multi-year technology partnership with Inertial Labs for lidar sensors.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

May 01, 2023 18:35 ET (22:35 GMT)

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