Chugai Pharmaceutical (OTCMKTS:CHGCY) Shares Gap Down – Here’s Why

Chugai Pharmaceutical Co., Ltd. Unsponsored ADR (OTCMKTS:CHGCYGet Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $28.12, but opened at $26.59. Chugai Pharmaceutical shares last traded at $27.48, with a volume of 11,249 shares trading hands.

Chugai Pharmaceutical Trading Down 2.4%

The firm’s fifty day moving average price is $26.70 and its 200 day moving average price is $24.37. The firm has a market capitalization of $90.32 billion, a PE ratio of 34.31 and a beta of 0.63.

Chugai Pharmaceutical Company Profile

(Get Free Report)

Chugai Pharmaceutical Co, Ltd. is a Japan-based biopharmaceutical company headquartered in Tokyo that focuses on the discovery, development, manufacture and marketing of prescription medicines. The company develops both biologics and small-molecule therapies, with particular emphasis on oncology and immunology as well as treatments for bone and metabolic disorders. Chugai’s activities span the full drug lifecycle from early research and clinical development through regulatory approval, manufacturing and post-marketing support.

Chugai is known for its research-driven approach and its work on monoclonal antibodies and other biologic therapeutics.

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