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SGX CONSULTATION PAPER: LISTING OF LIFE SCIENCE COMPANIES ON CATALIST

February 2009 - Finance. Legal Developments by Drew & Napier LLC .

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The Singapore Exchange Limited (the “SGX”) has launched a public consultation on new listing rules (the “Proposed Rules”) for non-commercialised life science companies to list on Catalist. A “non-commercialised life science company” (“NLSC”) is defined as “a life science company that has not commenced revenue-yielding commercial activities in its primary line of business”, where revenue that is incidental to the primary business is excluded.

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