Hong Kong Skyline
Nikada | E+ | Getty Pictures
Regencell Bioscience Holdings, an early-stage, Hong Kong-based bioscience firm with no income, is the newest speculative abroad inventory to draw an uncommon surge in buying and selling demand.
Shares of Regencell, which says it develops conventional Chinese language herb therapies to deal with childhood consideration deficit hyperactivity dysfunction and autism, greater than tripled on Monday — hovering greater than 280% by the shut after a 38-for-1 break up declared on June 2 took impact. By Monday’s shut, Regencell, based in 2014 and traded on Nasdaq beneath the ticker ‘RGC’ since 2021, had a complete market capitalization of $29.7 billion, in line with S&P Capital IQ.
The inventory continued to leap on Tuesday, gaining greater than 25%. The corporate’s 12 months so far efficiency is off the charts too, having risen greater than 58,000% in 2025. Its present market worth of $36 billion tops Lululemon, eBay and Kraft Heinz. The shares traded for pennies at one level prior to now one 12 months.
Regencell Bioscience Holdings in 2025.
Regencell is the newest instance of a speculative worldwide inventory attracting consideration throughout summer season buying and selling. In August, 2022, for instance, AMTD Digital, a Hong Kong-based fintech firm, climbed 126%, briefly giving it a market worth higher than Coca-Cola and Financial institution of America.
Earlier this month, Regencell defined the inventory break up as designed solely “to boost liquidity out there for the corporate’s bizarre shares and make the shares extra accessible to traders.” Inventory splits don’t change something basically about an organization.
Regencell’s surge additionally got here amid an elevated concentrate on various medicines after Robert F. Kennedy Jr. was sworn in as Secretary of the U.S. Division of Well being and Human Providers in February. Kennedy, a vaccine skeptic, has taken steps to discourage routine immunizations within the U.S., final week eradicating all the members of a panel that advises the Facilities for Illness Management and Prevention on vaccines.
Regencell’s inventory usually makes big one-day swings. For instance, shares jumped roughly 30% on March 21, earlier than dropping 30% the next buying and selling day.
Obscure therapies, zero income
Despite the wild spike within the inventory, little is thought in regards to the efficacy and commercialization of Regencell’s therapies for ADHD and Autistic Spectrum Issues.
Regencell’s enterprise facilities on a proprietary Conventional Chinese language Drugs method (TCM) developed in a partnership with TCM practitioner Sik-Kee Au utilizing his “Sik-Kee Au TCM Mind Idea.” Sik-Kee Au is the father of the Regencell chief govt officer Yat-Gai Au, the corporate stated in a 2022 assertion.
The CEO controls 86.24% of the entire variety of shares excellent, in line with FactSet information.
Three liquid-based, orally TCM formulae candidates declare to deal with delicate, average and extreme circumstances and solely comprise pure components corresponding to so-called “detoxication herbs,” blood circulation herbs and digestion herbs.
“These TCM formulae kind the idea of our TCM product candidates, which we intend to develop and commercialize for the remedy of ADHD and ASD,” Regencell’s web site reads.
In its newest annual report filed final October, Regencell stated that it had not generated any income, nor filed for any regulatory approvals of its TCM formulation. For the fiscal years ended June 2024 and 2023, Regencell incurred complete web losses of $4.36 million and $6.06 million, respectively, in line with a 20F submitting to the SEC.
“We now have not generated income from any TCM formulae candidates or utilized for any regulatory approvals, nor have distribution capabilities or expertise or any granted patents or pending patent purposes and will by no means be worthwhile,” learn the submitting.
Regencell has not responded to a CNBC request for remark.
Regencell’s newest affected person case research, dated Nov. 15, 2023, stated 28 sufferers got the remedy over a interval of three months in a second efficacy trial and confirmed an enchancment in signs of ADHD and ASD, in line with the corporate’s webpage.
In an earlier case, Regencell stated in a 2021 information launch that it handled a dozen sufferers with suspected or confirmed Covid-19 instances, utilizing a modified model of Au’s modified proprietary chilly and flu TCM method. What was described as an enchancment of Covid circumstances led Regencell to kind a three way partnership with Honor Epic Enterprises Restricted in Sept. 2021 to conduct additional assessments and commercialize the corporate’s Covid remedy in ASEAN international locations, in line with the assertion.
On-line buzz
The inventory has attracted little chatter on social media over the previous few years. These feedback which have been made counsel each retail dealer enthusiasm — and skepticism.
One consumer on the Reddit web page “r/Shortsqueeze” wrote on Monday that Regencell is “buying and selling like a meme coin. Purchased just a little to see what occurs and it dropped 50% proper after lol.” One other consumer stated in a publish made three months in the past, “I scalp RGC on a regular basis for a little bit of revenue.” The inventory jumped 1,360% in Might alone.
On LinkedIn in Might, one investor stated he “cannot cease laughing,” after studying the corporate description. One other publish from a consumer within the pharmaceutical business, in line with his profile, final week stated Regencell has turn into the “inventory to look at” after its spike in Might on “no official information or catalysts.” One other LinkedIn consumer final month commented on Regencell, saying, “China primarily based, low quantity and no official information, bizarro.”
On X, one consumer wrote in a Monday publish stated, “for #CompleteBullsh__CompanyOfTheYear I nominate regencell.”
— CNBC’s Scott Schnipper contributed reporting.
