Innovent Biologics (OTCMKTS:IVBXF) Trading 5.2% Higher – Here’s What Happened

Shares of Innovent Biologics, Inc. (OTCMKTS:IVBXFGet Free Report) rose 5.2% on Friday . The stock traded as high as $5.32 and last traded at $5.32. Approximately 790 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 15,878 shares. The stock had previously closed at $5.06.

Innovent Biologics Price Performance

The firm has a 50-day simple moving average of $4.60 and a two-hundred day simple moving average of $5.00.

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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