Movement Alert|SKB BIO Rises 3.42% in Regular Trading, TROP2 ADC Sac-TMT Studies Selected as LBA at ESMO Conference Amid Sector Rally

Market Focus10:32

On September 30, SKB BIO rose 3.42% in regular trading, trading at HK$489.6/share, with turnover of approximately HK$104 million.

On the news front, the company recently announced that its independently developed TROP2 ADC sac-TMT (sacituzumab tirumotecan) had multiple Phase III clinical studies selected as Late-Breaking Abstracts (LBA) at the European Society for Medical Oncology (ESMO) annual meeting scheduled for October, to be presented as oral reports — a key near-term catalyst. This follows a strong first-half performance, during which product sales surged 112% year-over-year to RMB 657 million, driving the company to its first-ever half-year profit of RMB 388 million. Multiple brokerages including UBS, CLSA, and Bank of America have raised their target prices to a range of HK$626–678, all maintaining buy ratings.

Meanwhile, the broader biotech sector rallied, with CanSinoBIO up 17.75%, BeiGene up 2.75%, and Innovent Bio up 2.03%, providing additional sector-level momentum. Separately, Oriental Securities increased its stake to 5.0% on September 22, signaling continued institutional interest.

(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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