Movement Alert|HENGRUI PHARMA Intraday Rise 3.68%, Buyback and Immunology Pipeline Optimism Drive Gains

Market Focus
4 hours ago

On October 8, HENGRUI PHARMA rose 3.68% in regular trading, reaching 50.95 HKD with turnover of 111 million HKD. The move followed a disclosed A-share buyback of 585,000 shares in September for an employee stock ownership plan, signaling management confidence.

JPMorgan maintained an Overweight rating with a 65 HKD target price, noting at least four immunology pipeline candidates could be approved next year. Its core asset SHR-1139 may initiate a large-scale global Phase III trial within the year, potentially the largest such study by a Chinese company in immunology. Earlier licensing of HRS-1596 to Novo Nordisk for up to 2.6 billion USD also reinforced the company's global R&D credibility.

Jiangsu Hengrui Pharmaceuticals Co., Ltd. is a Chinese company primarily engaged in the research, development, production and sales of pharmaceutical products, focusing on oncology, immunology, metabolic diseases and other therapeutic areas.

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