Movement Alert|RemeGen Falls 5.06% in Regular Trading, Biotech Sector Broadly Weakens Amid Continued Lock-up Expiry Pressure

Market Focus07-17

On July 17, RemeGen fell 5.06% in regular trading, trading at HK$78.7/share, with turnover of HK$124 million.

The decline was driven by broad weakness across the biotech sector and continued selling pressure following the company's massive lock-up share release. The wider biotech space saw significant losses, with Akeso down 8.6%, 3SBIO down 7.71%, and BeiGene down 2.31%.

On the company-specific front, RemeGen completed the release of 193 million previously restricted shares on July 1, representing 34.16% of total share capital. Since then, selling pressure has persisted, with the A-share experiencing a 20% limit-down and consecutive sharp declines during July 9-10, with the cumulative three-day deviation exceeding 30%. The controlling shareholder subsequently announced plans to increase holdings by RMB 10-20 million, but market sentiment recovery has remained limited.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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