Movement Alert|CARsgen Therapeutics Rises 5.47% in Regular Trading, Biotech Sector Rally and Solid Tumor CAR-T Milestone Boost Sentiment

Market Focus05-29

On May 29, CARsgen Therapeutics-B (02171.HK) rose 5.47% in regular trading, trading at HK$17.93/share, with trading volume of HK$44.85 million. The stock rebounded sharply following a 5.2% decline on May 26 caused by a discounted share placement.

The rally comes amid broad strength in the Hong Kong-listed biotech sector and renewed investor focus on the company's solid tumor CAR-T pipeline. CARsgen's CT041 (Suruikiorloncel, targeting CLDN18.2) is the world's first solid tumor CAR-T product to enter the NDA stage, with potential approval expected in the first half of this year — a milestone event for global cell therapy. The company's CAR-T gastric cancer therapy was also recently proposed for priority review designation, reinforcing the near-term commercial catalyst.

Within the Biotechnology sector, multiple peers posted significant gains. Among individual stocks, Innovent Biologics up 9.95%, Akeso up 5.43%, 3SBio up 4.64%, RemeGen up 1.58%, BeiGene up 0.74%.

(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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