Biotech Values

[mcbio]

On Tuesday, Medivir’s price in Stockholm ranged from SEK 75.25 to SEK 86.00 (www.medivir.se/v4/en/ir_media/the_share.cfm ), which equates to a range of $11.61-13.27. MVRBF.PK closed at $12.35, within the above range, so there was nothing unusual going on.

If you perform the above arithmetic for any day on which MVRBF.PK traded, you’ll see the same result. However, when MVRBF.PK does not trade on a given day, the true-up to the Stockholm price when MVRBF.PK finally does trade can appear exaggerated. This answers your question in #msg-65849431.

Thanks DD. Makes sense.