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Clinuvel Pharmaceuticals ( (AU:CUV) ) just unveiled an update.
CLINUVEL PHARMACEUTICALS announced plans to upgrade its American Depository Receipt (ADR) program to Level II and list on Nasdaq by the end of 2025, aiming to enhance U.S. visibility and investor engagement. This strategic move aligns with the company’s growing U.S. operations and increasing interest from North American investors, with 28% of its shares already held by U.S.-based investors, and is expected to broaden its market presence without raising additional capital.
The most recent analyst rating on (AU:CUV) stock is a Buy with a A$13.00 price target. To see the full list of analyst forecasts on Clinuvel Pharmaceuticals stock, see the AU:CUV Stock Forecast page.
More about Clinuvel Pharmaceuticals
CLINUVEL PHARMACEUTICALS LIMITED is a global specialty pharmaceutical group focused on developing and commercializing treatments for patients with genetic, metabolic, systemic, and life-threatening acute disorders, as well as healthcare solutions for specialized populations. Known for pioneering in photomedicine and melanocortin peptides, CLINUVEL has developed innovative treatments for systemic photoprotection, assisted DNA repair, repigmentation, and acute conditions. Its lead therapy, SCENESSE®, is approved for preventing phototoxicity in patients with erythropoietic protoporphyria (EPP) and is distributed in Europe, the USA, Israel, and Australia.
Average Trading Volume: 92,612
Technical Sentiment Signal: Sell
Current Market Cap: A$615M
For detailed information about CUV stock, go to TipRanks’ Stock Analysis page.