Movement Alert｜WuXi XDC Rises 3.18% in Regular Trading, Subsidiary Secures WuXi Biologics Order Amid Sector Rally

Market Focus

Jun 18

On June 18, WuXi XDC (02268.HK) rose 3.18% in regular trading, trading at HKD 47.14/share, with turnover of HKD 81.26 million. The stock rebounded from recent lows following a key subsidiary development and broad sector strength.

On the news front, WuXi XDC's controlled subsidiary Topharman (01875.HK) signed a process development and manufacturing service agreement with WuXi Biologics on June 16. Under the agreement, Topharman will provide process development and manufacturing services for monoclonal antibody intermediates, delivering a total of 10 batches at RMB 1.9 million per batch, totaling RMB 19 million. The services cover cell recovery, cell passage, N-stage cell culture, protein purification, and excipient addition. All orders must be placed before December 31, with each batch delivered within 60-90 calendar days of order confirmation. The agreement is expected to deepen Topharman's technical know-how and enhance its process capabilities.

Additionally, the broader Life Sciences Tools and Services sector showed strong momentum, with WuXi Biologics up 3.95%, WuXi AppTec up 4.08%, and GenScript Biotech up 4.97%.

(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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The services cover cell recovery, cell passage, N-stage cell culture, protein purification, and excipient addition. All orders must be placed before December 31, with each batch delivered within 60-90 calendar days of order confirmation. The agreement is expected to deepen Topharman's technical know-how and enhance its process capabilities.Additionally, the broader Life Sciences Tools and Services sector showed strong momentum, with WuXi Biologics up 3.95%, WuXi AppTec up 4.08%, and GenScript Biotech up 4.97%.(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. 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