REMEGEN Shares Surge Over 8% on Proposed A-Share Buyback and Positive Outlook for Telitacicept

Stock News07-20 14:26

REMEGEN (HKEX: 09995) shares rose more than 8% in Hong Kong trading.

At the time of writing, the stock was up 8.33% to HK$82.6, with a turnover of HK$372 million.

The company announced a plan last night to repurchase its A-shares via centralized bidding, using no less than 25 million yuan and no more than 50 million yuan of its own funds and/or raised capital.

The repurchased shares are intended for an employee stock ownership plan or equity incentive scheme.

This development follows the recent inclusion of the company's self-developed, globally first-in-class BLyS/APRIL dual-target novel fusion protein drug, Telitacicept (for injection, sterile powder: 80mg), in the National Essential Medicines List (2026 Edition).

It is also noteworthy that in June this year, the company announced that Telitacicept had received approval for two new indications: IgA nephropathy and Sjögren's syndrome.

Analysts believe this move will further unlock the commercial potential of Telitacicept.

Looking ahead, the company possesses multiple cutting-edge technology platforms including fusion proteins, bispecific antibodies, antibody-drug conjugates (ADCs), and T-cell engagers.

New products such as RC278 (a CDCP1-targeting ADC) and RC288 (a PSMA/B7H3 bispecific ADC) are progressively advancing from research into clinical stages, leading to a positive long-term growth outlook for the company.

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