On October 12, METIS TECHBIO-P fell 5.01% in regular trading, trading at 13.84 HKD/share, with turnover of 55.64 million HKD. The stock was pressured as the broader biotechnology sector faced a systemic pullback following a period of sharp gains in Hong Kong-listed biotech names, with AI-driven drug discovery concepts also broadly under pressure. Recent shifts in U.S. interest rate expectations have continued to weigh on high-duration, zero-revenue biotech companies.
From a fundamental standpoint, the company's interim results showed revenue of 154 million yuan, a year-on-year surge of 13,399%, while adjusted net loss narrowed 56.4% to 51 million yuan. Despite these improvements, short-term sector-wide risk-off sentiment dominated the price action.
(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.)