Innovent Biologics (OTCMKTS:IVBXF) Shares Down 4.6% – Here’s What Happened

Innovent Biologics, Inc. (OTCMKTS:IVBXFGet Free Report) fell 4.6% during mid-day trading on Monday . The stock traded as low as $4.58 and last traded at $4.58. 686,579 shares were traded during trading, an increase of 626% from the average session volume of 94,574 shares. The stock had previously closed at $4.80.

Innovent Biologics Stock Performance

The firm’s 50 day moving average is $5.02 and its 200-day moving average is $5.18.

About Innovent Biologics

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Innovent Biologics, Inc, a biopharmaceutical company, develops and commercializes monoclonal antibodies and other drug assets in the fields of oncology, ophthalmology, autoimmune, and cardiovascular and metabolic diseases in the People's Republic of China. It offers Tyvyt, a human anti-PD-1 monoclonal antibody; BYVASDA, a fully-human anti-VEGF monoclonal antibody; HALPRYZA, a recombinant chimeric murine/human anti-CD20 monoclonal antibody; SULINNO, a fully-human antiTNF-a monoclonal antibody; Pemazyre, a selective FGFR inhibitor; Olverembatinib, a novel BCR-ABL TK; Cyramza, a VEGF receptor 2 antagonist; and Retsevmo, a selective and potent RET kinase inhibitor.

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