Movement Alert｜GenScript Biotech Rises 5.34% in Regular Trading, Technical Recovery After Legend Biotech-Driven Selloff

Market Focus

06/24

On June 24, GenScript Biotech rose 5.34% in regular trading, trading at HK$11.62/share, with turnover of HK$43.60 million.

On the news front, the stock is exhibiting a technical recovery following a sharp decline of over 8% on June 22, when associate company Legend Biotech experienced a significant sell-off on US markets. The previous drop had pushed the share price to around HK$10.76, creating conditions for a rebound.

The broader life sciences sector also recovered on the same day, with WuXi AppTec up 4.13%, WuXi Biologics up 3.79%, and WuXi XDC up 6.73%, providing additional sector-level support for the price recovery. Earlier in June, Legend Biotech had presented positive Phase I clinical proof-of-concept data for its in vivo CD19/CD20 dual-target CAR-T therapy LB2501 at the European Hematology Association annual meeting, which may underpin medium-term sentiment.

GenScript Biotech is a Hong Kong-listed investment holding company primarily engaged in the manufacture and sale of life science research products and services. Its cell therapy segment develops CAR-T therapies through associate company Legend Biotech, operating in both China and overseas markets.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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Its cell therapy segment develops CAR-T therapies through associate company Legend Biotech, operating in both China and overseas markets.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}