On June 29, Hansoh Pharmaceutical rose 4.88% in regular trading, trading at HK$30.06/share, with turnover of HK$125 million. The move was driven by broad pharmaceutical sector strength and a concentrated release of company-specific catalysts.
On the sector front, pharmaceutical stocks rallied collectively, with CSPC Pharma up 9.27%, Asymchem up 8.72%, and Sino Biopharmaceutical up 6.81%. At the company level, multiple catalysts converged: on June 25, Hansoh's targeted ADC drug application was accepted by CDE with potential deal value exceeding US$1.5 billion; on June 26, shareholders approved a buyback authorization of up to 10% of issued shares. Earlier, both the HS-10568 injection for secondary hyperparathyroidism in chronic kidney disease patients and the GLP-1/GIP dual-receptor agonist olatorepatide injection for weight management had their NDA applications accepted by NMPA, accelerating the commercialization timeline of the innovative pipeline. CMBI recently reiterated its Buy rating, citing a renewed bottom-fishing opportunity in the pharmaceutical industry.
(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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