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28.07.25 - 06:24
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GSK to pay Hengrui US$12.5 billion for global rights to 12 drug projects (SCMP)
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GlaxoSmithKline (GSK) will pay a Chinese company US$12.5 billion for exclusive global rights to develop a dozen drugs, in a landmark deal that underscores how China's research labs are snapping up market share in the global pharmaceutical and biomedical industries.
The deal would give GSK the rights to develop a drug for treating chronic obstructive pulmonary disease (COPD) called HRD-9821, as well as 11 of the preclinical programmes owned by Jiangsu Hengrui Pharmaceuticals. The global rights......
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09.07.25 - 06:30
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Research: Citi Initiates Buy Rating on HENGRUI PHARMA w/ TP HKD134 (AAStocks)
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HENGRUI PHARMA (01276.HK) opened 1.7% higher this morning and once hit an intraday high of HKD66.25. It was last at HKD64.6, up 7.3%.Citi, the sponsor of HENGRUI PHARMA, released a report giving the company's H-shares a Buy rating for the first time with a target price of HKD134. The broker considers the company a leader and......
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