Movement Alert｜Innovent Biologics Rises 3.57% in Regular Trading, Lilly Partnership and Mazdutide Insurance Review Catalysts Continue

Market Focus

Jul 03

On July 3, Innovent Biologics rose 3.57% in regular trading, trading at 87.3 HKD/share, with turnover of HKD 263 million, extending its recent strong momentum.

On the news front, the company announced on June 30 a commercialization agreement with Eli Lilly for CDK4/6 inhibitor Verzenios (abemaciclib) in mainland China, under which Innovent holds exclusive rights for import, marketing, distribution, and promotion, complementing its breast cancer pipeline. Additionally, core product mazdutide passed the preliminary review for inclusion in China's national medical insurance drug catalog on June 29, marking a critical step toward reimbursement coverage. A company spokesperson noted that only the diabetes indication is eligible for insurance consideration in China.

At the sector level, biotech stocks continued their rally, with Remegen up 4.81%, 3SBio up 4.63%, BeiGene up 3.26%, SKB Bio up 3.12%, and Akeso up 2.74%, reflecting broad sector strength supporting sentiment.

(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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