BIOCYTOGEN-B (02315) surged more than 5% again. As of the time of writing, the stock was up 4.94% to HK$36.08, with a turnover of HK$27.5841 million. On the news front, the Shanghai Stock Exchange and the Shenzhen Exchange recently announced that BIOCYTOGEN will be added to the Stock Connect list, effective from December 24, 2025. This move marks another significant milestone following the company's establishment of a dual capital market platform with "A+H" shares, fully opening its Hong Kong stock channel to mainland investors henceforth. Huafu Securities noted in a previous research report that the company's "Thousand Mice Ten Thousand Antibodies" initiative is beginning to yield results, with antibody licensing driving an earnings explosion. Considering the company's high-growth business profile and strong competitive moat, its solid foundational preclinical animal and pharmacological efficacy evaluation business, and the antibody development segment gradually entering a phase of performance realization, coupled with the potential of its novel drug pipeline, the institution initiated coverage with a "Buy" rating.
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