On March 5, 2021 Vaccibody AS, a clinical-stage biopharmaceutical company dedicated to the discovery and development of novel immunotherapies, reported that Vaccibody has decided to change its financial reporting from NGAAP (Norwegian Generally Accepted Accounting Principles) and instead adopt IFRS (International Financial Reporting Standards) as its new accounting standard (Press release, Vaccibody, MAR 5, 2021, View Source [SID1234576141]).

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Vaccibody has experienced a continued growing international interest in its stock, including a significant increase in its international investor base which has led to the Company’s decision to change its accounting standard to IFRS. The above change will be adopted with effect from the Company’s annual report as of the financial year 2020.

In addition, Vaccibody has initiated a process to explore a possible listing of Vaccibody on the Nasdaq Global Market in the United States. This process reflects the continued clinical and strategic advancement of Vaccibody’s portfolio of innovative vaccines and novel immunotherapies as well as the growing interest of international investors in Vaccibody. The timing of any potential listing will be considered as part of this review process and any potential listing would be subject to prevailing equity capital markets conditions at such possible relevant time.