Verona Pharma PLC Secondary listing in Germany
June 12 2015 - 2:00AM
UK Regulatory
TIDMVRP
Verona Pharma plc
("Verona Pharma" or the "Company")
Secondary listing to provide trading facility on Xetra Exchange in Germany
12 June 2015, Cardiff - Verona Pharma plc ('Verona' or 'the Company'), the AIM
listed drug development company focused on first-in-class medicines to treat
respiratory diseases, announces today it has undertaken a secondary listing on
the Xetra exchange, part of the Deutsche Borse in Germany. The German cusip is
ISIN: GB00B06GSH43 and the symbol is I9S.
Verona Pharma has engaged Oddo Seydler AG to act as designated sponsor and
market maker for the company's shares on the Frankfurt exchange and the
electronic Xetra platform. The Company has chosen to list on the Xetra exchange
as a way of further raising its profile within continental Europe and to
increase the potential for investors in German-speaking Europe to trade in the
Company's shares.
-Ends-
For further information please contact:
Verona Pharma plc Tel: +44 (0) 20 7863 3300
Jan-Anders Karlsson, CEO
N+1 Singer Tel: +44 (0)20 7496 3000
Aubrey Powell / Jen Boorer
FTI Consulting Tel: +44 (0)20 3727 1000
Julia Phillips / Simon Conway
Notes to Editors
About Verona Pharma plc
Verona Pharma plc is a UK-based clinical stage biopharmaceutical company
focused on the development of innovative prescription medicines to treat
respiratory diseases with significant unmet medical needs, such as chronic
obstructive pulmonary disease (COPD), asthma and cystic fibrosis.
Verona Pharma's lead drug, RPL554, is a first-in-class drug currently in Phase
2 trials as a nebulised treatment for acute exacerbations of COPD in the
hospital setting. The drug is a dual phosphodiesterase (PDE) 3/4 inhibitor and
therefore has both bronchodilator and anti-inflammatory effects, which are
essential to the improvement of patients with COPD and asthma.
Verona Pharma is also building a broader portfolio of RPL554-containing
products to maximise its benefit to patients and its value. This includes the
very significant markets for COPD and asthma maintenance therapy. The Company
is also exploring the potential of the drug in different diseases, such as
cystic fibrosis, where it is in pre-clinical testing and has recently received
a Venture and Innovation Award from the UK Cystic Fibrosis Trust.
END
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