Jacobio Pharmaceuticals Unit Receives Upfront Payment From Oceanpine Capital; Shares Lose 3%

MT Newswires Live

2025/12/03

Jacobio Pharmaceuticals (HKG:1167) said its indirect subsidiary, Beijing Jacobio, has received an upfront payment of 125 million yuan from Oceanpine Capital under previously announced capital increase and equity transfer agreements, according to a Tuesday Hong Kong bourse filing.

Shares of the firm were down nearly 3% in Wednesday morning trade.

The company said the funds will strengthen its cash position and support the development of its oncology drug pipeline.

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