HBM Holdings Surges Nearly 15% as China Approves Clinical Trial Application for Late-Stage Solid Tumor Therapy

Stock News

Aug 20

Shares of HBM Holdings-B (02142) climbed nearly 15% in Hong Kong trading on Monday, with the stock last up 11.73% at HK$16.19, on turnover of HK$278 million.

The surge follows the company's announcement that China's National Medical Products Administration has approved its clinical trial application for HBM7004, a therapy targeting advanced solid tumors. This marks another significant milestone after the company received IND clearance from the U.S. Food and Drug Administration on May 8, 2026.

HBM7004 is a novel B7H4xCD3 bispecific antibody developed on the company's proprietary HBICE® platform, offering a differentiated approach to cancer immunotherapy through both efficacy and safety enhancements. The advancement of HBM7004 further underscores the platform's flexibility and plug-and-play advantages.

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