Movement Alert|HANSOH PHARMA Rises 3.65% in Regular Trading, New Drug Clinical Approval and Pipeline Milestones Drive Momentum

Market Focus08-10 13:13

On August 10, HANSOH PHARMA rose 3.65% in regular trading, trading at HK$33.9/share, with turnover of HK$320 million. The stock's upward move was driven by a series of recent pipeline catalysts and a favorable analyst outlook.

On August 6, the company announced that its proprietary Class 1 new drug HS-10582 tablets received clinical trial approval from China's National Medical Products Administration (NMPA) for treating adult primary hypercholesterolemia and mixed dyslipidemia, adding a new candidate to its cardiovascular-metabolic pipeline. CLSA maintained its Outperform rating and raised the target price to HK$42, forecasting five new drug approvals next year including B7-H3 ADC, Olatorepatide, c-MET, and RET inhibitors, projecting revenue growth of 14%, 10%, and 14% respectively over the next three years.

Additionally, the company's core ADC candidate HS-20093 recently met primary endpoints in Phase 3 trials for both osteosarcoma and small cell lung cancer, with biologics license applications being prepared. The company's interim results are scheduled for disclosure on August 26.

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