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ADRs End Lower; AstraZeneca, Can-Fite BioPharma Trade Actively

By Denny Jacob

 

International stocks trading in New York closed lower on Tuesday.

The S&P/BNY Mellon index of American depositary receipts edged down 0.3% to 155.25. The European index ticked down 0.7% to 146.31. The Asian index moved down 0.1% to 187.51. The Latin American index gained 1.5% to 198.52, while the emerging-markets index was virtually unchanged at 317.05.

AstraZeneca PLC was among those whose ADRs traded actively. The pharmaceutical giant moved down 2% following a collaboration with Thermo Fisher Scientific Inc. to develop a solid tissue and blood-based companion diagnostic test for tagrisso, part of a multi-year agreement.

Can-Fite BioPharma Ltd. slipped 6.3% after the biotechnology company said it filed a patent application that covers the use of namodenoson for the treatment of pancreatic cancer after announcing the anti-cancer drug significantly inhibits the growth of pancreatic carcinoma as a stand-alone treatment.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

January 24, 2023 17:47 ET (22:47 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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