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Shanghai Henlius Biotech’s HLX13 Receives FDA Approval for Clinical Trial

Story Highlights
  • Shanghai Henlius Biotech focuses on developing biosimilars and biologics for oncology.
  • FDA approved HLX13 for a clinical trial, boosting the company’s oncology market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shanghai Henlius Biotech’s HLX13 Receives FDA Approval for Clinical Trial

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Shanghai Henlius Biotech, Inc. Class H ( (HK:2696) ) has shared an update.

Shanghai Henlius Biotech, Inc. announced that its investigational new drug application for HLX13, a biosimilar of Ipilimumab, was approved by the FDA for a phase 1 clinical trial as a first-line treatment for unresectable hepatocellular carcinoma. This approval marks a significant step for the company in expanding its clinical trials internationally, potentially enhancing its market position in the oncology sector and providing new treatment options for various cancers.

The most recent analyst rating on (HK:2696) stock is a Buy with a HK$97.75 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 biosimilars and innovative biologics. The company is involved in the pharmaceutical and healthcare industry, with a market focus on oncology treatments.

Average Trading Volume: 1,446,389

Technical Sentiment Signal: Buy

Current Market Cap: HK$38.89B

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