Innovent Biologics, Inc. (OTCMKTS:IVBXF – Get Free Report) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,073,474 shares, a growth of 8,549.4% from the May 31st total of 12,411 shares. Based on an average daily volume of 24,954 shares, the days-to-cover ratio is currently 43.0 days.
Innovent Biologics Trading Down 7.6%
Shares of OTCMKTS:IVBXF opened at $9.51 on Friday. The company has a 50 day moving average of $10.33 and a 200-day moving average of $10.59. Innovent Biologics has a one year low of $9.10 and a one year high of $15.12.
About Innovent Biologics
Innovent Biologics is a China-based biopharmaceutical company focused on the research, development, manufacturing and commercialization of high-quality biologic therapies. Founded in 2011 and headquartered in the Suzhou National Biotech R&D Park, the company specializes in innovative treatments across oncology, metabolic and ophthalmology indications. Innovent’s integrated model encompasses end-to-end capabilities, from early discovery and clinical development to large-scale manufacturing and market launch.
The company has built a diversified product portfolio that includes the anti-PD-1 monoclonal antibody sintilimab (Tyvyt), approved for lymphoma and non-small cell lung cancer in China, as well as multiple biosimilars such as IBI305 (a bevacizumab biosimilar) and IBI306 (an etanercept biosimilar).
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