Citi appointed as depositary bank for Vicore Pharma ADR program

1 min read     Updated on 06 Jul 2026, 12:37 PM
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AI Summary

Citi Issuer Services has been appointed as the depositary bank for Vicore Pharma Holding AB's sponsored Level 2 ADR program, which trades on Nasdaq under VCRE. Each ADS represents ten ordinary shares listed on Nasdaq Stockholm as VICO. The appointment aims to support Vicore Pharma's access to global capital markets.

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Citi Issuer Services, acting through Citibank N.A., has been appointed by Vicore Pharma Holding AB to act as the depositary bank for its sponsored Level 2 American Depositary Receipt (ADR) program. This appointment facilitates Vicore Pharma's access to global capital markets through Citi's industry-leading ADR solutions and extensive global network.

Vicore Pharma is a clinical-stage biopharmaceutical company focused on developing drugs with disease-modifying potential in respiratory and fibrotic diseases, including idiopathic pulmonary fibrosis (IPF). The company's ADRs trade on the Nasdaq Capital Market under the symbol "VCRE". Each American Depositary Share (ADS) represents ten ordinary shares of the company. Vicore Pharma's underlying ordinary shares are listed and traded on the Nasdaq Stockholm Stock Exchange under the symbol "VICO".

Dirk Jones, Head of Issuer Services at Citi, emphasized the bank's commitment to supporting Vicore Pharma. "We are committed to supporting Vicore Pharma with high quality services through our industry-leading ADR solutions. Our deep capital markets expertise and extensive global network enable us to facilitate seamless access to global capital markets for issuers like Vicore Pharma," said Jones.

Citi Issuer Services is a leading provider of depositary receipt services, with programs in over 65 markets spanning equity and fixed-income products. The unit leverages Citi's global network to provide cross-border capital market access to issuers, intermediaries, and investors.

Key Details of Vicore Pharma's ADR Program

Detail Information
ADR Program Type Sponsored Level 2
Trading Market Nasdaq Capital Market
ADR Symbol VCRE
Underlying Share Symbol VICO
Underlying Exchange Nasdaq Stockholm Stock Exchange
ADS Ratio 1 ADS = 10 Ordinary Shares

How will the new ADR program impact Vicore Pharma's liquidity and investor base in the U.S. market?

What are the potential benefits for Vicore Pharma in terms of attracting institutional investors through Citi's global network?

Could this move signal Vicore Pharma's intention to pursue a dual listing or further capital raises in the U.S.?

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