Cortecs moves to Nasdaq National Market.LONDON--(BUSINESS WIRE)--April 26, 1996--The American Depository Receipts (ADRs) of Cortecs International, which have been trading on The Nasdaq SmallCap Market since March 1993, have now been approved for inclusion on the Nasdaq National Market and will commence trading on that market on April 29, 1996. Each ADR ADR - Astra Digital Radio represents five ordinary shares. The trading symbol Trading symbol See: Ticker symbol "DLVRY" will remain the same. Cortecs is a British-based company which is also quoted on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and the Australian Stock Exchange Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. . The Company specializes in the development of new pharmaceutical delivery systems and point-of-care rapid diagnostics. The move to the Nasdaq National Market will assist Cortecs in raising its profile further particularly in the areas of disease diagnosis and management upon which it is focused: OSTEOPOROSIS Oral Calcitonin calcitonin /cal·ci·to·nin/ (-to´nin) a polypeptide hormone secreted by C cells of the thyroid gland, and sometimes of the thymus and parathyroids, which lowers calcium and phosphate concentration in plasma and inhibits bone resorption. - an oral therapy for the prevention of bone breakdown. Osteosal - rapid doctors' office test in development in collaboration with Osteometer to detect increased bone breakdown indicating the risk of the disease osteoporosis and also to monitor the adequacy of therapy. HELICOBACTER PYLORI Helisal - rapid doctors' office whole blood test for the detection of Helicobacter pylori and a rapid saliva test in development. Oral Therapeutic Vaccine in development to stimulate immunity. Oral Therapeutic in research to improve eradication results. DIABETES Oral Insulin - human tests planned in 1996. Glycosal - a rapid doctors' office test in development in collaboration with Exocell to assist in the management and identification of diabetics. CYSTIC FIBROSIS Pseudostat - oral therapeutic antigens to treat and prevent lung infection with Pseudomonas aeruginosa entering Phase II trials. INFLUENZA Flustat - oral vaccine against influenza entering human trials this year. DIARRHOEA Adept - an oral system to treat diarrhoea without antibiotics entering Phase II trials. MALE HORMONE DEFICIENCY Halo Testosterone - an oral male hormone replacement therapy Hormone Replacement Therapy Definition Hormone replacement therapy (HRT) is the use of synthetic or natural female hormones to make up for the decline or lack of natural hormones produced in a woman's body. in development to treat male hypogonadism. Cortecs also markets a range of ethical and OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). medicines and diagnostic products. CONTACT: Jonathan Pockson Van Negris Cortecs International Kehoe, White, Savage & Co., Inc. 011 44 181 568-7071 212/888-1616 or Zena Bates Bates , Katherine Lee 1859-1929. American educator and writer best known for her poem "America the Beautiful," written in 1893 and revised in 1904 and 1911. Buchanan Communications 011 44 171 489-1441 |
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