LAIKNA-B (02105) surged more than 15%, extending its monthly gain to over 40%. At the time of writing, the stock rose 15.38% to HK$16.95, with a turnover of HK$58.22 million.
The rally follows the company's recent business development (BD) deal for its breast cancer drug candidate LAE002 (afuresertib). On November 12, LAIKNA licensed the China rights for LAE002 to Qilu Pharmaceutical in a transaction worth RMB 2.045 billion. Additionally, LAIKNA is entitled to receive tiered sales royalties ranging from 10% to over 20%.
According to broker research, LAE002 is projected to achieve peak sales of around RMB 2 billion in China. Globally, its sales potential could mirror that of Capivasertib, which is expected to generate $700–800 million this year, with peak sales estimated at $1–2 billion.
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