ADRs End Lower; AstraZeneca, Can-Fite BioPharma Trade Actively

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By Denny Jacob

International stock trading in New York closed lower on Tuesday.

The S&P/BNY Mellon index of US depositary receipts fell 0.3% to 155.25. The European index ticked down 0.7% to 146.31. The Asian index fell 0.1% to 187.51. The Latin American index gained 1.5% to 198.52, while the emerging markets index was virtually unchanged at 317.05.

AstraZeneca PLC was among those whose ADRs were actively traded. The pharmaceutical giant dropped 2% after a collaboration with Thermo Fisher Scientific Inc. to develop a solid tissue diagnostic test and a blood-based companion for tagrisso, part of a multi-year agreement.

Can-Fite BioPharma Ltd fell 6.3% after the biotech company said it has filed a patent application covering the use of namodenoson for the treatment of pancreatic cancer after announcing that the cancer drug significantly inhibits the growth of pancreatic carcinoma on its own. treatment.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

01-24-23 1747ET

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