0719 GMT - Innovent's co-development and licensing partnership with Japan's Takeda on two new cancer drugs is expected to accelerate its globalization and unlock the treatments' overseas value, HSBC analysts Linda Shu and Cindy Chai say in a note. The deal should improve Innovent's overseas clinical execution and regulatory knowledge, while its U.S. co-sales model will help build sales capabilities and strengthen market access. Innovent's $2 billion cash position and expected profitability from 2025 should further support global expansion. "We believe this deal should benefit Innovent's 2030 ambition to grow from a leading China biopharma to a global premier biopharma," the analysts add. HSBC views the stock as attractively valued, maintains a buy rating and raises its target price to HK$125.00 from HK$115.00. Shares were last at HK$86.00. (jason.chau@wsj.com)
(END) Dow Jones Newswires
October 27, 2025 03:19 ET (07:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.