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MREO

1.75 USD
0.04
2.34%
Last update Jul 16, 3:59 PM EDT
Market closed
Day range
1.68000
1.77500
Previous close
1.71000
Open
1.69000
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Mereo BioPharma Group plc - ADR
1.75
0.04
2.34%

Overview

Description

Mereo BioPharma Group plc is structured as an American Depositary Receipt (ADR), a financial asset that provides US investors easy access to the shares of the UK-based biopharmaceutical company on American stock exchanges. Mereo BioPharma is primarily focused on the acquisition, development, and commercialization of novel therapies addressing rare and specialty diseases. It is particularly active in the fields of oncology and rare endocrine disorders, dedicating substantial resources to both preclinical and clinical advancements. The company's approach emphasizes leveraging partnerships with larger pharmaceutical outfits to enhance product development and broaden therapeutic reach. The ADR structure simplifies the purchase for US investors, retaining core benefits such as dividends and corporate actions similar to those of foreign common stocks. Mereo BioPharma Group’s contributions to the biopharmaceutical market are significant due to its commitment to addressing unmet medical needs. The company's focus on specialized patient populations promotes innovation and cultivates collaborative opportunities in the transatlantic healthcare market, positioning it as a key player in both regional and international spheres.

About

CEO
Dr. Denise Vera Scots-Knight Ph.D.
Employees
36
Address
One Cavendish Place
4th Floor
London, W1G 0QF
Phone
44 33 3023 7300
Instrument type
Depositary receipt
Sector
Healthcare
Industry
Biotechnology
Country
United States
MIC code
XNCM
Market closed

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