Movement Alert|BeiGene Rises 3.05% in Regular Trading, Tevimbra Esophageal Cancer Application Accepted by FDA

Market Focus10:14

On June 18, BeiGene rose 3.05% in regular trading, trading at 162.5 HKD/share, with turnover of HKD 146 million.

On the news front, BeiGene recently announced that the U.S. Food and Drug Administration has accepted its supplemental Biologics License Application for Tevimbra (tislelizumab) targeting esophageal squamous cell carcinoma, marking a key milestone in the company's overseas indication expansion for its core PD-1 product. Additionally, the company's Q1 net profit attributable to shareholders surged 1,801.3% year-over-year, with gross margin approaching 90%, reflecting sustained fundamental improvement.

The broader biotechnology sector rallied in tandem today, with AKESO up 5.48%, SKB BIO up 3.52%, 3SBIO up 2.55%, INNOVENT BIO up 2.54%, and REMEGEN up 2.52%, providing sector-wide support to BeiGene as a heavyweight constituent.

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