Innovent Biologics May See Stronger Commercial Outlook -- Market Talk

Dow Jones
07/08

0456 GMT - Innovent Biologics will likely see stronger commercial outlook for its PD1/IL2 assets and relevant business development potential, HSBC Global Research analysts write in a note. The company's solid anti-tumor efficacy data release and long-term sustainable growth potential from a robust early-stage pipeline and strengthened R&D capabilities are also promising, they say. The bank raised its earnings estimates for 2026 to 2027 by 10% to 58%, supported by the potential launch of PD1/IL2 and CLDN18.2 ADCs in domestic markets from 2027 per HSBC's forecast. The company is still attractively valued and there should be multiple catalysts ahead as upsides. HSBC Global Research maintains a buy rating for the stock and raises its target price to HK$110.00 from HK$65.80. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

 

(END) Dow Jones Newswires

July 08, 2025 00:56 ET (04:56 GMT)

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