LAEKNA-B (02105) Surges Over 9% Again as Breast Cancer Drug Candidate LAE002 Secures 2.045 Billion Yuan BD Deal

Stock News11-17

LAEKNA-B (02105) rose over 9% again, with a 6.71% increase at the time of writing, trading at HK$14.32 and a turnover of HK$92.66 million.

On November 12, LAEKNA licensed the China rights for its breast cancer drug candidate LAE002 (afuresertib) to Qilu Pharmaceutical in a deal worth 2.045 billion yuan. Additionally, LAEKNA is entitled to receive tiered sales royalties ranging from 10% to over 20%.

LAE002 is one of only two AKT inhibitors globally in late-stage clinical development for breast and prostate cancer. Public data shows that LAE002 is a potent AKT inhibitor targeting all three AKT isoforms (AKT1, AKT2, and AKT3). In HR+/HER2- breast cancer, its global development progress is second only to AstraZeneca's Capivasertib.

According to brokerage research, LAE002's peak domestic sales are estimated at around 2 billion yuan, while its global peak sales could mirror Capivasertib's projections. Capivasertib is expected to generate $700–800 million in sales this year, with peak sales projected at $1–2 billion.

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