Scienture Shares Skyrocket 350% on FDA-Approved Drug Launch – What’s Next?
Scienture’s unprecedented Oct. 23 rally was driven by the commercial rollout of Arbli, its first revenue-generating product. The company’s press release on Oct. 23 confirmed that it began sales and shipped first customer orders for Arbli, immediately triggering the Nasdaq surgefinviz.com. CEO/co-CEO Narasimhan Mani said the event “represents a major achievement for Scienture” in moving from development to executionfinviz.com. Investors piled in on the news: as Benzinga reported, SCNX shares leapt over 140% on Thursday following word of the launchbenzinga.combenzinga.com. The price pop was staggering for a penny stock. Finviz confirmed the stock hit $2.60 on Oct. 23, up 354.9% for the dayfinviz.com. Extended trading Friday saw some profit-taking: by about 4:30 am Oct. 24 Eastern, SCNX traded around $1.94marketbeat.com. In regular Monday trading Oct. 24 the stock swung wildly, reaching a low near $0.825 before bouncing back toward $2.60investing.com. In other words, after Monday’s session SCNX sat roughly flat on the day but with huge intraday volatility.