NEW YORK, Aug. 5, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Viralytics Ltd. (OTCQX: VRACY; ASX: VLA), a biotechnology company, has qualified to have its American Depositary Receipts (ADRs) traded on OTCQX®, the best marketplace with qualified companies.
Viralytics began trading today on OTCQX International, a segment of the OTCQX marketplace reserved for high-quality non-U.S. companies that are listed on a qualified international exchange, undergo management reviews and provide their home country disclosure to U.S. investors. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome Viralytics to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX provides qualifying companies like Viralytics the ability to distinguish themselves in the U.S. market and increase their visibility with traders, investors, analysts and the media through high-quality disclosure, transparent trading and ease of access to company information. We look forward to supporting the management team at Viralytics as they continue to grow the company and provide a robust public market for their shares."
"Qualifying for OTCQX is an important milestone for Viralytics and demonstrates our commitment to providing our U.S. investors convenient access to the same timely news and information enjoyed by investors in our home market," said Dr. Malcolm McColl, CEO of Viralytics.
Roth Capital Partners, LLC will serve as Viralytics' Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Viralytics Ltd., a biotechnology company, engages in the development of oncolytic virotherapy for the treatment of a range of cancers.
Viralytics trades in the U.S. on OTCQX under the symbol "VRACY," where each ADR represents three ordinary shares.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace with Qualified Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with Variable Reporting Companies. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
SOURCE OTC Markets Group Inc.