ADRs End Higher; AstraZeneca Rises
November 16 2015 - 5:52PM
Dow Jones News
International stocks trading in New York closed higher on
Monday.
AstraZeneca PLC (AZN ,AZN.LN) was among the companies with ADRs
that traded actively.
The BNY Mellon index of American depositary receipts rose 1.3%
to 130.48. The European index increased 1.2% to 129.88, the Asian
index improved 1.3% to 139.94, the Latin American index rose 1.6%
to 163.61 and the emerging markets index increased 1.8% to
222.52.
AstraZeneca's ADRs rose 4.8% to $32.78 on Monday following
Friday's announcement that the drug maker's lung-cancer treatment
Tagrisso won U.S. regulatory approval after an unusually quick
development process that took just 2 1/2 years. Tagrisso,
previously known as AZD9291, is the first drug for a subset of
lung-cancer patients whose tumors have spread and developed a
treatment-resistant mutation called T790M. Another treatment for
this group of patients, rociletinib from Clovis Oncology Inc., is
being reviewed by U.S. regulators. Clovis said Monday that the Food
and Drug Administration asked for additional data on rociletinib, a
request that could delay potential approval of the treatment.
Banco Bradesco SA (BBDO, BBD, BBDC4.BR) plans to increase its
capital by 3 billion reais ($782 million) by issuing 164.8 million
new shares. The new shares will be divided almost evenly between
ordinary and preferred shares. The Brazilian lender's shareholders
will vote on the plan Dec. 17, the bank said Monday in a regulatory
filing. ADRs rose 3% to $6.29.
JD.com (JD) reported that its third-quarter revenue grew 52% to
$6.9 billion though the Chinese e-commerce company said its
quarterly net loss widened sharply from the year-earlier period,
with much of the loss stemming from higher expenses related to
JD.com's expansion of its direct sales business and increased
spending on marketing. The company expects sales for the current
quarter to increase between 47% and 51%. ADRs rose 7.7% to
$28.81.
Royal Dutch Shell PLC (RDSA, RDSA.LN) said that it is replacing
the president of its Canadian subsidiary less than a month after
abandoning a major oil sands project in the country. The moves come
at a turbulent time for the energy industry as a prolonged slump in
prices has squeezed profits, especially for high-cost operations
such as oil sands and shale oil. ADRs fell 2.6% to $49.59.
Write to Tess Stynes at tess.stynes@wsj.com
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(END) Dow Jones Newswires
November 16, 2015 17:37 ET (22:37 GMT)
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