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Dylan Berman

Zhengye Biotechnology Stock Is Trading Lower On Monday: What's Going On?

Nasdaq biotechnology

benzingaai2023_stock_market_trading_setup_close_up_of_multipl_9ea2f44f-9171-417b-a64e-58bbbd995de1_0

Zhengye Biotechnology Holding (NASDAQ:ZYBT) shares are trading lower after the company announced it received a Nasdaq noncompliance notice.

What To Know: Zhengye said it received a letter from the Nasdaq Stock Market on May 20, stating that it is not in compliance with listing rules due to its failure to timely file its annual report for the fiscal year ended Dec. 31, 2024.

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