Stock Track | Mabwell Bio Soars 6.44% Intraday on Strong Q1 Revenue Growth and Stock Connect Inclusion

Stock Track

04/30

Mabwell Bio's stock price surged 6.44% during intraday trading on Thursday, marking a significant rebound in its share price.

The sharp rise appears to be driven by the company's recently reported first-quarter financial results, which showed revenue skyrocketing 184.89% year-over-year to RMB 128 million, while net losses narrowed by 17.07%. Additionally, the stock's recent inclusion in the Stock Connect program following its H-share listing has enhanced liquidity by enabling direct participation from mainland investors.

Market attention is also focused on the company's pipeline of ADC and TCE-based oncology therapies, with Phase III interim analyses for its lead candidate expected this year, contributing to positive investor sentiment.

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