On September 22, PHARMARON rose 3.15% in regular trading, trading at HKD 31.38 per share, with turnover of approximately HKD 112 million. The gain extends consecutive sessions of strength in the CRO sector.
On the news front, the broader CRO sector continues to rally on multiple catalysts. Novo Nordisk and Anthropic recently announced an AI-driven drug discovery collaboration, while cumulative domestic innovative drug licensing-out deal value has surpassed USD 120 billion, signaling robust R&D budgets at pharmaceutical companies. CRO firms are seeing order backlogs improve in both volume and pricing. Additionally, a joint directive from ten government departments supporting innovative drug development continues to fuel policy tailwinds.
On the institutional side, Goldman Sachs has explicitly endorsed a recovery thesis for China's CRO/CDMO industry and assigned PHARMARON a Buy rating. Daiwa, Bank of America, and Morgan Stanley have raised their target prices to HKD 38.5, HKD 38.4, and HKD 35.6, respectively. Within the Life Sciences Tools & Services sector, peers including WUXI APPTEC rose 1.54%, WUXI BIO gained 1.23%, and XTALPI advanced 4.77%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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