China Biopharma Giant's Major Acquisition Sparks Broad Rally in Hong Kong Healthcare Stocks

Deep News01-14

On the morning of January 14th, the Hang Seng Healthcare ETF (159892) and the Hong Kong Stock Connect Healthcare ETF (520510) surged by more than 3% at one point. AliHealth jumped over 11%, with MicroPort Robot, Zai Lab, and MicroPort Medical leading the gains strongly. SINO BIOPHARM, BeiGene, and others also followed the upward trend. On the news front, SINO BIOPHARM issued an announcement declaring its intention to fully acquire the domestic siRNA innovator drug company, Hejiya Biotech, for a total consideration of 1.2 billion RMB. This marks another significant strategic move by the company in the small nucleic acid therapeutics field, following its previous investment in Shenggen Biotech. Furthermore, BeiGene announced today that its self-developed Class I new drug, Baiyueda, a novel BCL2 inhibitor, has commenced distribution starting January 13th, with the initial batch of the drug covering 70 cities across the country.

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