On September 30, WUXI XDC rose 3.01% in regular trading, trading at 80.75 HKD/share, with turnover of 32.52 million HKD. The stock rebounded sharply after consecutive sessions of pressure earlier in the week.
On the news front, the company announced a new external investment, acquiring a 60.67% stake in Dongyao Pharmaceutical Co., Ltd., further expanding its ADC-related CDRDMO business footprint. The move reinforces the company's position as a global leader in antibody-drug conjugate development and manufacturing services.
Sector-wide, the Life Sciences Tools & Services industry staged a collective rebound after sustained selling pressure in prior sessions. Peer stocks rallied in tandem, with GenScript Biotech up 6.28%, Insilico Intelligence up 3.88%, WuXi Biologics up 2.34%, and WuXi AppTec up 1.64%, reflecting broad improvement in market sentiment across the CDMO segment. Goldman Sachs recently reiterated a Buy rating on the stock with a target price of 97.9 HKD, citing upcoming FDA inspection of the Wuxi production facility as a key commercial milestone.
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