TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Shanghai Henlius Biotech, Inc. Class H ( (HK:2696) ) has shared an update.
Shanghai Henlius Biotech, Inc. has announced that its biosimilar product, HLX11 (pertuzumab-dpzb), branded as POHERDY® in the United States, has received FDA approval for use in treating HER2-positive early and metastatic breast cancer. This approval marks a significant milestone for the company, enhancing its international presence and influence, particularly in the U.S. market, and is expected to boost its collaboration with Organon LLC for commercial sales.
The most recent analyst rating on (HK:2696) stock is a Hold with a HK$66.00 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, specializing in the development and commercialization of biosimilar products. The company focuses on producing biologics for the treatment of various cancers, with a strong emphasis on international market expansion.
Average Trading Volume: 1,567,991
Technical Sentiment Signal: Buy
Current Market Cap: HK$33.59B
See more insights into 2696 stock on TipRanks’ Stock Analysis page.