Hong Kong Stock Alert | YIDU TECH (02158) Surges Over 5% After Winning SMR001 Eye Drop Phase III Clinical Research Project Bid

Stock News
09/24

YIDU TECH (02158) surged over 5%. As of press time, the stock rose 5.39% to HK$6.06, with a turnover of HK$74.9734 million.

On the news front, YIDU TECH announced that its affiliated company Tianjin Happy Life Technology Co., Ltd. recently won the bid for Shandong Yandu Biotechnology Co., Ltd.'s recombinant human nerve growth factor (SMR001) eye drop Phase III clinical research project, with a total project value of approximately RMB 55.82 million.

As China's AI medical transformation driver, YIDU TECH has built a "data-algorithm-scenario" flywheel closed loop based on its independently developed core algorithm engine YiduCore, achieving high-efficiency innovation and low-cost scaled application of AI technology, driving intelligent decision-making to empower the entire industrial chain ecosystem of "medical-pharmaceutical-insurance-patient".

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