Movement Alert|Luye Pharma Rises 5.91% in Regular Trading, UBS Increases Stake Amid Innovative Drug Sector Rebound

Market Focus07-03

On July 3, Luye Pharma rose 5.91% in regular trading, trading at HK$1.96/share, with turnover of HK$79.33 million.

On the news front, according to HKEX disclosure filings, UBS Group AG increased its holdings in Luye Pharma by approximately 33.98 million shares on June 22, raising its long position from 13.22% to 14.07%, with latest holdings of approximately 562 million shares. This marks a continued buildup by UBS, which had previously added 13.95 million shares at approximately HK$2.85 per share in early April.

Simultaneously, the innovative drug sector is staging a broad recovery following a significant prior pullback. Sector peers Hansoh Pharma gained 7.47%, CSPC Pharma rose 4.9%, and Sino Biopharm added 2.81%, indicating clear capital rotation back into the sector. Luye Pharma's core pipeline drug LY03015 previously delivered positive Phase 2 clinical data in China, with the highest-dose group achieving a 76.5% response rate, nearly double historical first-line drug data, and the company plans to advance into Phase 3 trials in both China and the U.S.

(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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