Medicrea to list on OTC exchange

Medicrea (EPA:ALMED) said today it is listing on the OTC exchange and will begin trading on the OTCQX Best Market under the tickers “MRNTY” and “MRNTF” starting tomorrow. The France-based company said it will list under two separate tickers representing its American Depository Receipts under “MRNTY” and its ordinary shares under “MRNTF.” Each ADR represents one share of the company’s ordinary shares, it added, and investors will have the opportunity to purchase either. “Being qualified to trade on the OTCQX Best Market in the U.S. is a great opportunity for Medicrea as well as for institutional and individual investors looking for a transformational medical device company. We believe that our proprietary patient-specific UNiD ASI technology will become standard of care across the spine industry over the coming years and that it will replace the current approach, which requires manual implant manipulation and selection from a limited range that is not tailored to individual patients or surgeons. The U.S. is an important market for Medicrea’s UNiD ASI platform as it represents the largest global market for spinal surgery and represents a key growth area with the Company’s largest subsidiary based in New York City. As we continue to drive Medicrea’s technology adoption in the U.S., we want U.S. investors to have a simple and efficient way to invest in Medicrea. Joining OTCQX will complement our European listing o...
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News Wall Street Beat Medicrea Source Type: news