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Shanghai Henlius Biotech, Inc. Class H ( (HK:2696) ) has provided an announcement.
Shanghai Henlius Biotech, Inc. has announced that its anti-PD-L1 antibody-drug conjugate, HLX43, has received approval from the U.S. FDA to begin a phase 1 clinical trial for the treatment of thymic carcinoma. This approval marks a significant step in the company’s efforts to advance its oncology pipeline, with plans to conduct further clinical studies in multiple countries. The approval positions Henlius as a key player in the ADC market, particularly as no ADC targeting PD-L1 has been approved globally yet, potentially enhancing its market presence and offering new treatment options for patients with advanced cancers.
The most recent analyst rating on (HK:2696) stock is a Buy with a HK$61.98 price target. To see the full list of analyst forecasts on Shanghai Henlius Biotech, Inc. Class H stock, see the HK:2696 Stock Forecast page.
More about Shanghai Henlius Biotech, Inc. Class H
Shanghai Henlius Biotech, Inc. is a biotechnology company based in China, focusing on the development of innovative biopharmaceuticals. The company’s primary products include antibody-drug conjugates (ADCs) targeting various cancer types, with a market focus on advanced and metastatic solid tumors.
Average Trading Volume: 1,333,066
Technical Sentiment Signal: Buy
Current Market Cap: HK$40.6B
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