CSPC Pharma's AstraZeneca Deal Suggests Undervalued Drug Pipeline -- Market Talk

Dow Jones16:25

0825 GMT - The size of CSPC Pharmaceutical's deal struck with AstraZeneca last month beat CGS International's expectations and implies the Chinese company's drug pipeline is undervalued, analyst Vicky Zhu says. She notes that the pharmaceutical company has around 90 innovative drugs in its pipeline at various clinical stages. CSPC's revenue is expected to recover from 2026, as the drag from volume-based procurement price cuts is likely to have been digested in 2025, Zhu adds in a note. CGSI raises its target price to HK$11.63 from HK$11.12 and retains an add rating on CSPC Pharma, which ends 5.2% lower at HK$10.06. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

February 24, 2026 03:25 ET (08:25 GMT)

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She notes that the pharmaceutical company has around 90 innovative drugs in its pipeline at various clinical stages. CSPC's revenue is expected to recover from 2026, as the drag from volume-based procurement price cuts is likely to have been digested in 2025, Zhu adds in a note. CGSI raises its target price to HK$11.63 from HK$11.12 and retains an add rating on CSPC Pharma, which ends 5.2% lower at HK$10.06. 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