CIINBIO@EC2602B

CSC Financial Maintains Buy Rating on Innovent Biologics

CLSA Sees Positive Outlook for Innovent Biologics After Licensing Deal, Raises Target Price

Goldman Sachs Issues Buy Rating on Innovent Biologics

Cenata Therapeutics: Teprasertide and Semaglutide Prices Adjusted After Entering Insurance, Sales Continue to Grow

CICC Raises Revenue Forecast for Innovent Biologics and Maintains Outperform Industry Rating

BOA Securities Reports Strong 2025 Performance for Innovent Biologics

Innovent Biologics and Eli Lilly Enter into Strategic Collaboration to Develop New Drugs

JPMorgan Increases Holding in Innovent Biologics by 1.233667 Million Shares

Goldman Sachs Raises Profit Forecasts and Target Price for Innovent Biologics

Innovent Biologics Sees 60% Q4 Revenue Growth

Innovent Biologics Reports 45% Growth in Product Revenue in 2025 and Entry into National Medical Insurance Drug List

JPMorgan Increases Stake in Innovent Biologics to 5%

Innovent IBI3003 Receives FDA Fast Track Designation

Credence Biosciences and Ollin Biosciences Announce Positive Phase 1b Clinical Trial Results for IBI324

Morgan Stanley Increased Holdings in Innovent Biologics

BioBAY Supports the Growth of Innovent Biologics

Nomura Advises Selective Investment in China's Biopharmaceuticals Sector in 2026

Ping An Good Doctor Collaborates with Wuhan No.3 Hospital to Launch 'Direct Settlement' Service

Innovent's DaBerXin® Approved for Neoadjuvant Therapy in Colorectal Cancer

Innovent Biologics Receives Approval for Pre-surgical Treatment Drugs for Colon Cancer

GUANZE MEDICAL

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ASIA ENERGY LOG

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SUN HING PRINT

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ZHONGSHI MINAN

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KNOWLEDGE ATLAS(02513) rose 14.81%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 173.5%. DONGFANG ELEC(01072) rose 7.11%, with a trading turnover 810.9 Million HKD, and a year-to-date rose 23%. ZHAOJIN MINING(01818) fell 5.83%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 6.1%. GIGADEVICE(03986) fell 3.82%, with a trading turnover 252.3 Million HKD, and a year-to-date rose 86.4%.

- The Hang Seng Index increased by 0.58%, with a year-to-date rise of 6.1%.  
- The Hang Seng Tech Index rose 0.62%, but has declined 1.2% for the year.  
- Stocks like Zhihua (02513) surged by 14.81% and recorded a significant yearly gain of 173.5%, while stocks like Zhaojin Mining (01818) dropped by 5.83% despite a yearly increase of 6.1%.

Top Gainers & Losers

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Mainland Chinese investors have increased their investments in Hong Kong-listed drug stocks, with the Hang Seng Southbound Connect Hong Kong Innovative Drug Index rising about 9% recently. CSPC Pharmaceutical Group and Sichuan Kelun-Biotech saw significant gains. Innovent Biologics announced a major collaboration with Eli Lilly worth up to $8.85 billion, enhancing its drug development process. This trend reflects a shift in how Chinese drug makers engage with global partners, as they gain more control over the development of their medicines amid a competitive pharmaceutical landscape.

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E Fund Hang Seng SCHK Innovative Drug ETF

Huatai-PB Hang Seng Innovative Drugs Industry ETF(QDII)

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Yinhua CSI Innovative Drugs Industry ETF

Penghua CSI HK Connect Health Care Composite ETF

Penghua SSE STAR Biology and Medicine ETF

ChinaAMC CSI Biotechnology Theme ETF

Huaan Hang Seng Biotech ETF

China Southern Hang Seng Biotech ETF(QDII)

GF CSI HK Innovative Drugs Industry ETF(QDII)

Guotai CSI Hugangshen Innovative Drugs Industry ETF

Hwabao WP Hang Seng SCHK Innovative Drug Select ETF

Tibet Dongcai CSI Hugangshen Innovative Drugs Industry ETF

E Fund CSI Biotechnology Theme ETF

China Universal CNI HK Connect Innovative Drugs Industry ETF

Ping An CSI Medicine and Medical Device Innovation ETF

Bosera Hang Seng Health Care ETF(QDII)

ICBCCS CNI HK Connect Innovative Drugs ETF

Guotai SSE STAR Brand Name Drug ETF

ChinaAMC Hang Seng Biotechnology Technology ETF(QDII)

Tianhong CNI BIOMEDICINE ETF

China Merchants CSI Biotechnology Theme ETF

E Fund CSI 300 Health Care ETF

Founder Fubon CSI Medicine and Medical Device Innovation ETF

Fullgoal Hang Seng SCHK Innovative Drug & Healthcare ETF

Guotai CSI Bio-medicine ETF

Yinhua CNI HK Connect Innovative Drugs ETF

ChinaAMC SSE STAR Biology and Medicine ETF

ChinaAMC SSE Health Care ETF Initiating Fund

Hwabao WP CSI Pharmaceuticals ETF

Bosera Hang Seng SCHK Innovative Drug Select ETF

Mainland China’s investors pour into Hong Kong-listed drug stocks

CSC Financial has maintained a Buy rating on Innovent Biologics (IVBXF) with a price target of HK$136.12, while the stock closed at HK$85.40. The analyst consensus is a Strong Buy with an average price target of HK$123.87, indicating a potential upside of 45.05%. Bernstein also supports this with a Buy rating and a price target of HK$115.00.

Tip Ranks

Minsheng Royal CSI Biotechnology Theme ETF

CSC Financial Keeps Their Buy Rating on Innovent Biologics (IVBXF)

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The Hang Seng Biotechnology Index rose over 4% intraday, CSPC PHARMA rose over 7%, INNOVENT BIO rose nearly 7%, WUXI BIO and SINO BIOPHARM rose over 5%

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The UBS research report pointed out that INNOVENT BIO has reached a collaboration with Eli Lilly, involving a $350 million upfront payment and potential milestone payments of up to $8.5 billion. This collaboration model is for the joint development of a new company and is expected to provide INNOVENT BIO with upside potential, helping it achieve its goal of advancing 8 to 10 candidate drugs into clinical stages each year. UBS maintains a target price of HKD 137.4 for INNOVENT BIO and a "Buy" rating

AASTOCKS

UBS: INNOVENT BIO's collaboration with Eli Lilly is expected to have upward potential for drug advancement targets

Citi raised the target price for INNOVENT BIO to 130.2 yuan, maintaining a "Buy" rating. The bank pointed out that INNOVENT BIO reached an agreement with Eli Lilly to license certain oncology and immunology pipeline assets, with an upfront payment of 350 million USD and potential total milestone payments of approximately 8.5 billion USD. It believes this deal is a clear positive for INNOVENT BIO, demonstrating the recognition of its R&D capabilities by large global pharmaceutical companies

In "The Big Banks," Citigroup raised the target price for INNOVENT BIO to 130.2 yuan and maintained a "Buy" rating

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China’s Innovent Biologics has secured a new deal with Eli Lilly for the development of immunology and oncology drugs, involving an upfront payment of $350 million and potential additional payments of up to $8.5 billion based on milestones. Innovent will lead the development in China, while Lilly will have exclusive rights to commercialize the products outside Greater China. This partnership marks their seventh collaboration and aims to create a comprehensive innovation ecosystem, enhancing Innovent's R&D capabilities.

Reuters

Direxion Daily LLY Bull 2X Shares

Defiance Daily Target 2X Long LLY ETF

China's Innovent clinches new Lilly deal for immunology, cancer drug development

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KNOWLEDGE ATLAS(02513) rose 36.22%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 138.2%. MINIMAX-WP(00100) rose 11.71%, with a trading turnover 796.5 Million HKD, and a year-to-date rose 212.1%. EASTROC(09980) fell 3.87%, with a trading turnover 206.3 Million HKD, and a year-to-date rose 4%. CHINA TELECOM(00728) fell 2.96%, with a trading turnover 587.4 Million HKD, and a year-to-date fell 8.7%.

- The Hang Seng Index increased by 1.76%, with a year-to-date gain of 5.4%, while the Hang Seng Tech Index rose 1.34%, but has seen a 1.8% decline this year.  
- Zhipu (02513) surged by 36.22% with a trading volume of 1.16 billion HKD, marking a year-to-date increase of 138.2%.  
- In contrast, Dongpeng Beverage (09980) dropped by 3.87% with a trading volume of 210 million HKD, showing a 4% rise for the year, while China Telecom (00728) fell 2.96%, impacting its year-to-date loss of 8.7%.

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Top 5 HK Stock Gainers/Losers (>100B) (2.9)

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Shares of Innovent Biologicsjump 8.6% to HK$86.3, set for its biggest one-day pct gain since September 1 Innovent has struck a new deal with Eli Lillyto develop immunology and oncology drugs, under which the U.S. drugmaker will pay $350 mln upfront and as much as $8.5 bln more if milestones are metYTD, stock up 11.3%, Hang Seng Biotech Index (.HSBIO) up 9.5%

- Innovative Biologics (1801.HK) shares rose by 8.6% to HK$86.3, marking the largest single-day percentage increase since September 1.  
- This increase follows a new agreement with Eli Lilly (LLY.N) for the joint development of immunology and oncology drugs, which includes a US$350 million upfront payment and potential milestone payments up to US$8.5 billion.  
- Currently, the stock has increased by 11.3%, while the Hang Seng Biotechnology Index (.HSBIO) has risen by 9.5%.

Invesco Nasdaq Biotechnology ETF

ALPS Medical Breakthrough

First Trust NYSE Arca Biotech Index Fd

iShares Biotechnology ETF

Proshares Ultra Nasdaq Biotech

SPDR S&P Biotech

VanEck Biotech ETF

Invesco Biotechnology & Genome ETF

Ark Genomic Revolution ETF

BUZZ-Innovent Biologics jumps most in five months on Eli Lilly deal

Innovent Biologics and Eli Lilly have reached a groundbreaking collaboration to jointly develop new oncology and immunology drugs. The upfront payment for this transaction is USD 350 million, with a total amount reaching up to USD 8.5 billion. Both parties have abandoned traditional licensing and adopted a zero-based co-development model, marking a deep recognition of the innovation capabilities of Chinese pharmaceutical companies by top global pharmaceutical firms and opening a new chapter in global strategic collaboration

- Eli Lilly will pay 350 million USD in advance to Innovent Biologics for the joint development of new drugs targeting oncology and immunological diseases.  
- This partnership showcases a new model for collaboration between multinational pharmaceutical companies and Chinese biopharmaceutical firms that goes beyond traditional licensing agreements.  
- Innovent will utilize its antibody technology platform for drug development before the completion of Phase 2 clinical trials in China, while Eli Lilly will receive exclusive rights to commercialize the drugs outside Greater China.

A down payment of 350 million, totaling 8.5 billion USD! INNOVENT BIO collaborates with Eli Lilly to layout the research and development of new tumor immunotherapy drugs

Eli Lilly Signs Novel Medicines Collaboration With Hong Kong-listed Innovent

marketscreener

Eli Lilly Signs Novel Medicines Collaboration With Hong Kong-listed Innovent

The Hang Seng Index opened higher, refreshing its nearly four-year high; Tencent's performance exceeded expectations, receiving collective bullish calls from major banks; Chip stocks strengthened on the logic of domestic substitution, with SMIC leading the gains; Ping An's stake increase in China Taiping H-shares ignited the insurance sector; Cryptocurrency concept stocks surged as Bitcoin hit a new high; In the pharmaceutical sector, Jingtai Holdings reported its first profit, rising over 11%, while East Buy saw a sudden 12% increase.

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Hot Trades in Hong Kong Stocks (8.14) | Hang Seng Index Hits Four-Year High at Opening, Morgan Stanley Says Foreign Capital Accelerated Inflows into Chinese Stock Market in July

CIINBIO@EC2602B(18886.HK)

Top 5 HK Stock Gainers/Losers (>100B) (2.10)

Mainland China’s investors pour into Hong Kong-listed drug stocks

CSC Financial Keeps Their Buy Rating on Innovent Biologics (IVBXF)

The Hang Seng Biotechnology Index rose over 4% intraday, CSPC PHARMA rose over 7%, INNOVENT BIO rose nearly 7%, WUXI BIO and SINO BIOPHARM rose over 5%

UBS: INNOVENT BIO's collaboration with Eli Lilly is expected to have upward potential for drug advancement targets