Innovent Biologics Embarks on New Era of Global Innovation -- Market Talk

Dow Jones

07/08

0449 GMT - Innovent Biologics is embarking on a new era of global innovation given its R&D progress on the IBI363 drug and other earlier assets in next generation IO and ADC therapies, Daiwa analyst Wilfred Yuen writes in a note. Daiwa expects Innovent to launch IBI363 in China in 2028 and globally in 2029. The company's recent 55 million share placement with net proceeds of around HK$4.2 billion will provide it with additional cash and flexibility for its global R&D strategy, Daiwa says. The brokerage maintains its buy rating for the stock, but raised its target price to HK$95.00 from HK$58.00. Shares last trading at HK$81.75.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

July 08, 2025 00:49 ET (04:49 GMT)

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Daiwa expects Innovent to launch IBI363 in China in 2028 and globally in 2029. The company's recent 55 million share placement with net proceeds of around HK$4.2 billion will provide it with additional cash and flexibility for its global R&amp;D strategy, Daiwa says. The brokerage maintains its buy rating for the stock, but raised its target price to HK$95.00 from HK$58.00. 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Daiwa expects Innovent to launch IBI363 in China in 2028 and globally in 2029. The company's recent 55 million share placement with net proceeds of around HK$4.2 billion will provide it with additional cash and flexibility for its global R&amp;D strategy, Daiwa says. The brokerage maintains its buy rating for the stock, but raised its target price to HK$95.00 from HK$58.00. Shares last trading at HK$81.75.(jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 08, 2025 00:49 ET (04:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2488822045.USD","symbol_name":"ALLIANZ CHINA HEALTHY LIVING \"AT\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2549693591","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549693591","pubTimestamp":1751950140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0449 GMT - Innovent Biologics is embarking on a new era of global innovation given its R&D progress on the IBI363 drug and other earlier assets in next generation IO and ADC therapies, Daiwa analyst Wilfred Yuen writes in a note. Daiwa expects Innovent to launch IBI363 in China in 2028 and globally in 2029. The company's recent 55 million share placement with net proceeds of around HK$4.2 billion will provide it with additional cash and flexibility for its global R&D strategy, Daiwa says. The brokerage maintains its buy rating for the stock, but raised its target price to HK$95.00 from HK$58.00. 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The company's recent 55 million share placement with net proceeds of around HK$4.2 billion will provide it with additional cash and flexibility for its global R&D strategy, Daiwa says. The brokerage maintains its buy rating for the stock, but raised its target price to HK$95.00 from HK$58.00. Shares last trading at HK$81.75.(jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 08, 2025 00:49 ET (04:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}