bearish

BNC Korea

BNC Korea (256840 KS): Oral COVID-19 Treatment No More Remains a Catalyst

126 Views29 Oct 2021 22:50
SUMMARY

During July–September BNC Korea (256840 KS) shares jumped more than 8x to a touch a peak of approximately KRW 70,000 on a published media report that states its partner in Taiwan received emergency approval for a COVID-19 oral drug. With competitor Merck (MRK) reporting positive clinical trial results and seeking emergency use approval for its oral antiviral medicine for COVID-19, BNC Korea shares have been declining and corrected nearly 60% from its peak.

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