Movement Alert|Luye Pharma Falls 6.91% in Regular Trading, Innovative Drug Sector Under Sustained Pressure

Market Focus06-30

On June 30, Luye Pharma declined 6.91% in regular trading, trading at HK$1.76/share, with turnover of HK$107 million.

On the news front, the innovative drug sector continues to face broad-based selling pressure, with the Hang Seng Stock Connect Innovative Drug Index retreating to levels seen before last year's sector rally. Luye Pharma had previously surged over 7% on June 17 following positive Phase 2 clinical data for its core pipeline drug LY03015, a novel VMAT2 inhibitor/Sigma-1R agonist for tardive dyskinesia. That catalyst has now been fully digested, with the stock giving back gains over subsequent sessions.

Within the Pharmaceuticals sector, the overall tone remained weak. Among peers, CSPC Pharma fell 1.68%, Hengrui Pharma fell 1.72%, SBP Group fell 1.56%, Hansoh Pharma fell 2.64%, and Asymchem fell 5.42%.

(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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