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An announcement from Sino Biopharmaceutical ( (HK:1177) ) is now available.
Sino Biopharmaceutical Limited announced that its jointly developed drug, LM-108, a CCR8 monoclonal antibody, has been included in China’s Breakthrough Therapy Designation process for treating advanced gastric/gastroesophageal junction adenocarcinoma. The drug has shown promising results in clinical trials, demonstrating significant efficacy in overcoming resistance to PD-1/PD-L1 inhibitors and offering new treatment options for patients who have failed previous therapies. LM-108 is the most advanced CCR8 monoclonal antibody globally and is expected to become a next-generation immunotherapy for various tumors, potentially impacting the company’s market positioning and providing new hope for patients.
The most recent analyst rating on (HK:1177) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on Sino Biopharmaceutical stock, see the HK:1177 Stock Forecast page.
More about Sino Biopharmaceutical
Sino Biopharmaceutical Limited is a company incorporated in the Cayman Islands, focusing on the development and commercialization of pharmaceutical products. The company operates in the biopharmaceutical industry and collaborates with partners like LaNova Medicines to develop innovative therapies, particularly in oncology.
Average Trading Volume: 134,999,824
Technical Sentiment Signal: Buy
Current Market Cap: HK$93.72B
Find detailed analytics on 1177 stock on TipRanks’ Stock Analysis page.