BeOne Medicines Shares Open Nearly 4% Higher as Company Unveils Clinical Data for Multiple Solid Tumour Programs with Clear Future Development Plans

Stock News09:32

BeOne Medicines (06160) opened nearly 4% higher. As of press time, the stock was up 3.73%, trading at HK$228.2, with a turnover of HK$36.279 million.

On the news front, BeOne Medicines announced key progress across multiple solid tumour pipeline programs at the 2026 ESMO Congress: its GPC3/4-1BB bispecific antibody for advanced liver cancer achieved an ORR of 36% in Phase I trials with an excellent safety profile; its PRMT5 inhibitor demonstrated an ORR of 38.5% in EGFR wild-type lung cancer, with an intracranial response rate of 30.8%; and its CEA ADC achieved an ORR of as high as 56% in patients with high CEA expression in lung cancer.

The company plans to initiate a global registrational clinical trial for later-line liver cancer before the end of 2026, while the PRMT5 inhibitor and CEA ADC are expected to advance to later-stage development in 2027.

CICC released a research report stating that BeOne Medicines has made the latest progress in its solid tumour pipeline. The firm maintained its 2026 and 2027 earnings forecasts unchanged and kept its "Outperform Industry" rating. Based on a DCF model, the firm maintained its target prices for A-shares, H-shares, and US-listed shares at RMB 340, HK$266, and US$445, respectively.

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