On September 18, PHARMARON rose 3.61% in regular trading, trading at HK$30.38/share, with turnover of HK$54.47 million. The rally was driven by continued strength across the CRO sector, further fueled by Novo Nordisk's partnership with Anthropic to leverage its Claude Science platform for new drug development.
On the industry front, China's innovative drug out-licensing deal value has surpassed US$120 billion in total, bolstering R&D budgets for pharmaceutical companies and pushing CRO order backlogs into a phase of both volume and pricing growth. Goldman Sachs previously affirmed a clear recovery trajectory for China's CRO/CDMO industry and assigned PHARMARON a Buy rating, while Daiwa, Bank of America, and Morgan Stanley raised target prices to HK$38.5, HK$38.4, and HK$35.6, respectively. Within the Life Sciences Tools & Services sector, INSILICO surged 11.16%, XTALPI gained 8.85%, GENSCRIPT BIO rose 7.25%, WUXI APPTEC climbed 3.84%, and WUXI BIO added 2.99%, reflecting broad sector momentum.
(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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