Movement Alert｜CSPC Pharmaceutical Rises 3.19% in Regular Trading, Pharmaceutical Sector Strengthens Amid Dense Positive Catalysts

Market Focus

Jul 10

On July 10, CSPC Pharmaceutical rose 3.19% in regular trading, trading at 8.14 HKD/share, with turnover of HKD 219 million. The move came as the broader pharmaceutical sector rallied alongside a cluster of recent company-specific catalysts.

On the news front, CSPC recently announced a strategic collaboration with AstraZeneca on siRNA drug discovery and extrahepatic targeted delivery platforms, with a deal valued at up to USD 1.77 billion, including a USD 30 million upfront payment. Additionally, the company's ADC drug SYS6043 was granted breakthrough therapy designation by China's NMPA for platinum-resistant ovarian cancer. Subsidiary CSPC Innovation also resubmitted its Hong Kong listing application on June 18.

At the sector level, pharmaceutical stocks broadly strengthened, with Asymchem up 5.64%, Hengrui Pharma up 3.33%, Hansoh Pharma up 2.82%, and Luye Pharma up 1.57%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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