Movement Alert|HANSOH PHARMA Rises 3.16% in Regular Trading, Competitor B7-H3 ADC Withdrawal Boosts Outlook Amid Sector Rally

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Yesterday

On September 30, HANSOH PHARMA rose 3.16% in regular trading, trading at 34.54 HKD/share, with turnover of HKD 124 million.

On the news front, Merck and Daiichi Sankyo voluntarily withdrew their US Biologics License Application for B7-H3 ADC ifinatamab deruxtecan in previously treated extensive-stage small cell lung cancer. JP Morgan noted this development is incrementally positive for HANSOH PHARMA's competing product Ris-Rez (HS-20093) from a competitive timing perspective, maintaining an Overweight rating with a target price of HKD 50. The bank highlighted that Ris-Rez efficacy data appeared to lead I-DXd Phase II results, with a treatment-related interstitial lung disease rate of 11.7% and no Grade 4/5 events.

Additionally, HANSOH PHARMA's HS-20093 biologics license applications for both SCLC and osteosarcoma have been accepted by NMPA and included in priority review. The broader pharmaceutical sector also rallied, with CSPC Pharma up 6.17%, Hengrui Pharma up 5.83%, and China Grand Pharmaceutical up 3.87%, providing sector-wide tailwinds.

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