BUZZ-HK-listed Lepu jumps most in 5 weeks on exclusive deal with ArriVent BioPharma

Reuters
01-22
BUZZ-HK-listed Lepu jumps most in 5 weeks on exclusive deal with <a href="https://laohu8.com/S/AVBP">ArriVent BioPharma</a>

** Hong Kong-listed Lepu Biopharma 2157.HK jumps 14.2% to HK$2.73; set for biggest one-day pct gain since Dec. 17, 2024

** Stock hits highest since Dec. 27, 2024; on track for fifth consecutive session of gains

** Co grants exclusive global rights to ArriVent BioPharma AVBP.O to develop and commercialize Lepu's novel antibody drug conjugate candidate MRG007, which is used to treat gastrointestinal cancers, outside of Greater China

** Lepu will get one-time upfront and near-term milestone payments of $47 mln

** Eligible to get up to $1.16 bln in development, regulatory and sales milestones and tiered royalties in high single-digit to low-teen percentages on net sales in Licensed Region

** AVBP rose 3.7% on Tuesday

** Lepu fell ~38% last year

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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