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Immunotech Biopharm Ltd ( (HK:6978) ) has shared an update.
Immunotech Biopharm Ltd, a Hong Kong-listed biopharmaceutical company, develops and processes cell therapies and related services, leveraging its subsidiary Yongtai Beijing’s GMP-compliant facilities and technical expertise in cell product processing and quality control. The company announced that Yongtai Beijing has entered into a roughly 24‑month entrustment service agreement with connected party Tasly to provide cell product thawing, washing, formulation, filling, testing and project management services for a clinical project, for a service fee of RMB9.75 million subject to adjustment, with the deal classified as a continuing connected transaction under Hong Kong listing rules that requires reporting, annual review and announcement but is exempt from independent shareholders’ approval due to its size, signaling incremental service revenue and a deeper operational tie with a substantial shareholder.
The most recent analyst rating on (HK:6978) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Immunotech Biopharm Ltd stock, see the HK:6978 Stock Forecast page.
More about Immunotech Biopharm Ltd
Immunotech Biopharm Ltd is a Hong Kong-listed biopharmaceutical company focused on cell therapy, operating through subsidiaries such as Yongtai Beijing, which provides cell product processing and quality control services using GMP-compliant facilities and established quality management systems.
Average Trading Volume: 981,769
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.59B
For an in-depth examination of 6978 stock, go to TipRanks’ Overview page.