Movement Alert|HBM HOLDINGS-B Falls 5.93% in Regular Trading, Biotechnology Sector Pressured by Overnight US Pharma Selloff

Market Focus
7 hours ago

On October 8, HBM HOLDINGS-B fell 5.93% in regular trading, trading at HK$12.04, with Turnover of HK$23.79 million.

The decline extended the previous day's 6.74% drop, as the biotechnology sector remained under pressure following a sharp overnight selloff in US pharmaceutical stocks. Market sentiment weakened after Moderna plunged 8% and Ailisi Pharmaceutical lost 46.98% on clinical trial setbacks, triggering a broad retreat across Hong Kong's biotech complex.

Within the Biotechnology sector, AKESO edged up 0.55%, CANSINOBIO fell 2.79%, INNOVENT BIO slipped 0.26%, BEONE MEDICINES rose 0.28%, and 3SBIO gained 0.45%.

HBM HOLDINGS-B is an investment holding company principally engaged in the development of innovative therapies in the fields of tumor immunology and immunological diseases, with products including batoclimab, HBM9378, HBM7020, TCE Program, prusabatacept, and HBM7022, targeting indications such as generalized myasthenia gravis, COPD, asthma, autoimmune diseases, melanoma, colorectal cancer, and solid tumors.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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