Business mulls fallout from Catalan crisis
Drugmaker Oryzon Genomics became the first listed company to announce it is moving out of Catalonia following an illegal independence referendum in the region that has pushed Spain into political chaos. Other companies are considering doing the same.
Oryzon shares rose as much as 33% after it announced it would move to Madrid from Barcelona, indicating that investors welcome companies ridding themselves of the political uncertainty surrounding Catalonia’s push for independence.
