27.09.2005 12:54:00
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The Bank of New York Selected as Depositary by Protherics PLC for its Listed Program
Headquartered in London, Protherics is a biopharmaceutical companyengaged in the development, manufacture and sale of pharmaceuticalproducts.
Andrew J. Heath, PhD, M.D., chief executive officer of Protherics,said, "As we expand our presence in the U.S., Protherics wanted towork with a depositary bank that would help streamline our program'sadministration and generate the greatest visibility, and we areconfident that The Bank of New York will help us meet thosechallenges."
Christopher Sturdy, managing director and Head of The Bank of NewYork's Depositary Receipt Division, said, "As the depositary bank fornearly 80% of all DR programs from pharmaceutical and biotechnologycompanies, we know the sector well and have the expertise necessary tohelp Protherics raise market awareness and stimulate interest in itsprogram."
The Bank of New York sponsors more than 1,190 American and globaldepositary receipt programs, a 64% market share, acting in partnershipwith leading companies from 60 countries. With an unrivalledcommitment to helping securities issuers succeed in the world'srapidly evolving financial markets, the Bank delivers the industry'smost comprehensive suite of integrated depositary receipt, corporatetrust and stock transfer services. Additional information is availableat www.adrbny.com.
The Bank of New York Company, Inc. (NYSE: BK) is a global leaderin providing a comprehensive array of services that enableinstitutions and individuals to move and manage their financial assetsin more than 100 markets worldwide. The Company has a long traditionof collaborating with clients to deliver innovative solutions throughits core competencies: securities servicing, treasury management,investment management, and individual & regional banking services. TheCompany's extensive global client base includes a broad range ofleading financial institutions, corporations, government entities,endowments and foundations. Its principal subsidiary, The Bank of NewYork, founded in 1784, is the oldest bank in the United States and hasconsistently played a prominent role in the evolution of financialmarkets worldwide. Additional information is available atwww.bankofny.com.
The Bank of New York provides no advice nor recommendation orendorsement with respect to any company or security. Nothing hereinshall be deemed to constitute an offer or solicitation of an offer tobuy or sell securities.
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