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Coloron TissueGene Shares Plunge 20.28% on July 16 Ahead of TG-C Phase 3 Results

2026-07-19 02:07:40

According to Korea Exchange, Coloron TissueGene shares fell 20.28% on July 16 ahead of the company's Phase 3 clinical trial announcement for osteoarthritis treatment TG-C. The stock dropped from 77,900 Korean won to 62,100 won, with intraday lows reaching 56,600 won (down 27.35%). The company stated it will announce Phase 3 results this month and confirmed data compilation is ongoing, making result leaks structurally impossible. Analysts note that even if structural improvement fails in Phase 3, FDA approval as a pain relief treatment remains possible, given existing therapies on the market.

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