Sosei Heptares Announces Change of Market Listing Segment to the Tokyo Stock Exchange Prime Market
Tokyo, Japan and Cambridge, UK, 15 March 2023 – Sosei Group Corporation (“the Company”; TSE: 4565), the world leader in G protein-coupled receptor (GPCR) focused structure-based drug design (SBDD) and development, today announces it has changed the market on which the Company's shares are listed on the Tokyo Stock Exchange, Inc. (“TSE”) from the Growth Market segment to the Prime Market segment, effective today.
Chris Cargill, President & CEO of Sosei Heptares, commented: “We believe that this move to TSE Prime is a key milestone in our vision to become one of Japan’s leading global biopharmaceutical champions. We are confident that a Prime Market listing will improve our ability to attract diverse institutional investors who are familiar with this industry, hold a long-term perspective and can support the acceleration of our growth driven by our core strategy.”
Rationale for the change
The Company’s vision is to become one of Japan’s global biopharmaceutical champions, discovering, developing and commercializing life-changing medicines for patients worldwide based on its world-leading science and expertise.
The Company expects the move to the Prime Market will help it to achieve its vision by providing enhanced support and access to the long-term capital through greater exposure to institutional investment funds, both domestic and international. This will result from a deepening and broadening of its shareholder base to reflect the global nature of the business.
For more details regarding the change of Sosei Heptares’ listing to the Prime Market segment, please refer to the Japan Exchange Group’s website https://www.jpx.co.jp/english/
Core Strategic Priorities
In its full year 2022 results presentation (held on 14 February 2023), Sosei Group’s leadership set out a clear strategy to leverage the Company’s proprietary platform, pipeline and R&D expertise to grow the business internationally and in Japan. This strategy has four key pillars:
In 2023, the Company expects to make progress against all four of its strategic priorities and will announce significant relevant updates in accordance with TSE regulations. Our objectives for each strategic priority are as follows.
About Sosei Heptares
We have established partnerships with some of the world’s leading pharmaceutical companies and multiple emerging technology companies, including AbbVie, AstraZeneca, Genentech (Roche), GSK, Kallyope, Lilly, Neurocrine Biosciences, Novartis, Pfizer, Takeda and Verily. Sosei Heptares is headquartered in Tokyo, Japan with corporate and R&D facilities in Cambridge, UK.
“Sosei Heptares” is the corporate brand and trademark of Sosei Group Corporation, which is listed on the Tokyo Stock Exchange (ticker: 4565). Sosei, Heptares, the logo and StaR® are trademarks of Sosei Group companies.
For more information, please visit https://soseiheptares.com/
Sosei Heptares – Media and Investor Relations
MEDiSTRAVA Consulting (for International Media)