BUZZ-Kelun-Biotech jumps on progress of key product development

Reuters05-06

** Shares of Sichuan Kelun-Biotech Biopharmaceutical

jump 9.3% to HK$179.20, on course for the biggest one-day pct rise since March 14, if gains hold

** Stock hits the highest since April 30, on track to snap two sessions of fall

** The Chinese drug producer says its key product A400 (EP0031) for treatment of lung cancer has been cleared by the United States Food and Drug Administration (FDA) to progress into Phase 2 clinical development

** Hong Kong's healthcare index climbs 0.9%, Hang Seng Composite Index gains 0.1% while Hang Seng Index

slips 0.1%

** Stock up 72.7% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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