RemeGen (OTCMKTS:REGMF) Trading Down 21.2% – Here’s Why

RemeGen Co., Ltd. (OTCMKTS:REGMFGet Free Report) traded down 21.2% during mid-day trading on Wednesday . The stock traded as low as $9.50 and last traded at $9.50. 200 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,250 shares. The stock had previously closed at $12.05.

RemeGen Price Performance

The stock has a 50 day moving average of $11.38 and a 200-day moving average of $10.62.

RemeGen Company Profile

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RemeGen Co, Ltd. is a Shanghai-based biopharmaceutical company focused on the research, development and commercialization of innovative antibody-based therapeutics for oncology and immunology. Since its founding in 2009, RemeGen has built a portfolio of antibody–drug conjugates (ADCs), monoclonal antibodies and bispecific antibodies aimed at addressing a range of solid tumors and immune-related conditions. The company leverages its in-house discovery, engineering and manufacturing capabilities to advance its pipeline from preclinical stages through clinical trials.

RemeGen’s lead product candidate, Disitamab Vedotin (RC48), is a HER2-targeting ADC that has received regulatory approval in China for HER2-positive gastric cancer and urothelial carcinoma.

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