Stock Track | SKB BIO Plummets 5.02% Intraday as Profit-Taking Hits Following Widening Losses Despite Prior Clinical Data Rally

Stock Track

05/28

SKB BIO's stock price plummeted 5.02% during intraday trading on Thursday, marking a significant downward movement for the biopharmaceutical company.

The sharp decline follows a period of strong performance driven by positive clinical data presented at the ASCO annual meeting and a target price increase by Nomura. However, recent reports highlighting a broader deceleration within the Kelun group have prompted investors to reassess the company's fundamentals, leading to profit-taking. This reassessment was triggered by SKB BIO's 2025 financial results, which showed revenue growth of 6.5% year-over-year but a widening of net losses to 382 million yuan from 267 million yuan, as authorization and milestone income declined significantly while research and commercialization expenses remained high.

The sell-off in SKB BIO also occurred amid general weakness in the biotechnology sector during the session.

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