On September 18, GENSCRIPT BIO rose 7.9% in regular trading, trading at HK$39.52/share, with turnover of HK$166 million. The stock continued its strong upward momentum following a surge of over 16% in the prior session.
On the news front, the company announced a collaboration agreement with Eli Lilly's AI-driven drug discovery platform Lilly TuneLab. Under the agreement, GENSCRIPT BIO will provide wet lab services at preferential rates to TuneLab participating enterprises, helping translate AI predictions into biological evidence data and accelerating candidate drug evaluation. The board stated this move further expands the company's footprint in the AI-driven drug discovery ecosystem.
The rally is further supported by JPMorgan's significant stake increase of approximately 16.72 million shares at HK$32.02 per share, totaling about HK$535 million, lifting its position to 7.48%. JPMorgan reiterated an Overweight rating with a HK$41 target price, citing sustained AIDD order momentum. Additionally, the company reported robust H1 results with revenue of US$404 million, up 27.3% year-over-year, and adjusted net profit of US$62.5 million, surging 203.3%.
(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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