HUINBIO@EC2605A

Innovent Biologics' Pirtobrutinib Receives Approval for New Indication

Innovent Biologics' Pirtobrutinib Approved for New Indication in CLL/SLL Patients

Innovent Biologics and Eli Lilly Partner to Advance Innovative Drug Development

Shanghai Pudong Development Bank Maintains Buy Rating on Innovent Biologics with Target Price

Nomura Raises Target Price for Innovent Biologics to HKD 114.64, Maintains 'Buy' Rating

JPMorgan 增持信达生物 58.59 万股

CMBI Maintains Buy Rating on Innovent Biologics, Target Price at HKD 105.00

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

D&G TECH

SHANDONG MOLONG

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JIAXIN INTL RES

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EASY SMART GP

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MIE HOLDINGS

SINOPEC SSC

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INNOVENT BIO announced that the non-covalent (reversible) Bruton tyrosine kinase (BTK) inhibitor Jepalitumab (Pirtobrutinib) has officially been approved by the National Medical Products Administration of China for a new indication, to be used in the treatment of adult patients with chronic lymphocytic leukemia/small lymphocytic lymphoma who have previously received at least one systemic therapy including a BTK inhibitor

AASTOCKS

INNOVENT BIO

INNOVENT BIO's match-patent for Bruton’s tyrosine kinase inhibitor has received official approval for new indications

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Hong Kong-listed Chinese pharmaceutical companies are poised for profitability due to rising drug sales and lucrative licensing deals. Innovent Biologics expects its first full-year profit of 984 million yuan in 2025, driven by a 45% revenue increase. BeOne reported a net profit of US$286.93 million, fueled by its successful blood cancer drug Brukinsa. Other firms like Jiangsu Hengrui and Hansoh Pharma are also projected to see significant profit growth. The trend of out-licensing early-stage drugs to global firms is strengthening, with investors increasingly interested in China's healthcare sector.

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BeOne Medicines

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HANSOH PHARMA

Hong Kong-listed Chinese drug firms set to turn corner on rising sales, deals

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Innovent Biologics says Jaypirca received approval by NMPA China

marketscreener

Guotai SSE STAR Brand Name Drug ETF

Guotai CSI Bio-medicine ETF

ChinaAMC CSI Biotechnology Theme ETF

China Southern Hang Seng Biotech ETF(QDII)

GF CSI HK Innovative Drugs Industry ETF(QDII)

Tianhong CNI BIOMEDICINE ETF

Founder Fubon CSI Medicine and Medical Device Innovation ETF

Ping An CSI Medicine and Medical Device Innovation ETF

ICBCCS SSE STAR Biology and Medicine ETF

Fullgoal Hang Seng SCHK Innovative Drug & Healthcare ETF

Guotai CSI Hugangshen Innovative Drugs Industry ETF

E Fund CSI Biotechnology Theme ETF

Bosera Hang Seng SCHK Innovative Drug Select ETF

ChinaAMC SSE Health Care ETF Initiating Fund

E Fund Hang Seng SCHK Innovative Drug ETF

ChinaAMC SSE STAR Biology and Medicine ETF

Yinhua CSI Innovative Drugs Industry ETF

ChinaAMC Hang Seng Biotechnology Technology ETF(QDII)

China Universal CNI HK Connect Innovative Drugs Industry ETF

Penghua SSE STAR Biology and Medicine ETF

E Fund CSI 300 Health Care ETF

Innovent Biologics says Jaypirca received approval by NMPA China

SPDB analyst maintained a Buy rating on Innovent Biologics yesterday and set a price target of HK$110.00.Valentine's Day Sale - 70% OffUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential In addition to SPDB, Innovent Biologics also received a Buy from Bernstein’s Rebecca Liang in a report issued on February 9. However, on February 4, TipRanks – OpenAI reiterated a Hold rating on Innovent Biologics (Other OTC: IVBXF).

Tip Ranks

Innovent Biologics (IVBXF) Gets a Buy from SPDB

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Nomura Adjusts Innovent Biologics' Price Target to HK$114.64 From HK$105.08, Keeps at Buy

Nomura Holdings, Inc.

Nomura Adjusts Innovent Biologics' Price Target to HK$114.64 From HK$105.08, Keeps at Buy

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On February 13th, the Hong Kong stock market showed weak sentiment, with all three major indices declining collectively. The Hang Seng Index fell 1.86% during the session and failed to hold its high position, while the Hang Seng TECH Index dropped 1.31%. Under the dual pressure of cooling expectations for a Federal Reserve interest rate cut and intensified industry competition, technology and consumer heavyweight stocks experienced widespread declines. Meituan fell over 3% due to market concerns about a new round of price wars, with Baidu, Alibaba, and others following suit in their corrections. Market risk aversion increased, with funds waiting for the core data at the end of the month to validate the recovery's strength. In terms of individual stocks, the new stock HAIZHI TECH GP surged over 224%, becoming the biggest highlight of the session

- As of February 13, 2026, Hong Kong's stock indices faced downward pressure, with the Hang Seng Index dropping 1.86% to 26,529.94 points amid weakening buying momentum.  
- The technology and retail sectors experienced declines due to concerns over competition and market dynamics, with companies like Tencent and Alibaba seeing significant decreases in share prices.  
- Investors remain cautious, awaiting crucial data later in the month to gauge economic recovery signals and their impact on major sectors.

Market Heartbeat

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Hong Kong stock market intraday | The Hang Seng Index fell 1.86% under pressure, technology stocks broadly declined, Meituan dropped 3.48%, and the new stock HAIZHI TECH GP surged 224%

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In a recent press release dated February 12, 2026, it was announced that Innovent Biologics, Inc., a leading biopharmaceutical company based in both SAN FRANCISCO and SUZHOU, China, is focused on the development, manufacturing, and commercialization of top-notch medicines targeting oncology, cardiovascular, and metabolic conditions. The company, listed as HKEX: 01801, is dedicated to producing high-quality pharmaceuticals aimed at improving patient outcomes in these critical areas of healthcare.

Unusual Whales

Huaan Hang Seng Biotech ETF

China Merchants CSI Biotechnology Theme ETF

Hwabao WP Hang Seng SCHK Innovative Drug Select ETF

Minsheng Royal CSI Biotechnology Theme ETF

Innovent starts Phase 3 trial of IBI354 for HER2-positive breast cancer, Feb. 12, 2026. Details at PRNewswire.

BOCOM International Holdings Company has maintained a Buy rating on Innovent Biologics (IVBXF) with a price target of HK$105.00. This follows a similar Buy rating from Bernstein’s Rebecca Liang. However, TipRanks reiterated a Hold rating on the company earlier this month.

BOCOM International Holdings Company Keeps Their Buy Rating on Innovent Biologics (IVBXF)

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Zhongtai Securities has maintained a Buy rating on Innovent Biologics (IVBXF) with a price target of HK$136.00. This follows a similar Buy rating from Bernstein’s Rebecca Liang on February 9. However, TipRanks – xAI reiterated a Hold rating on the company on February 4.

Penghua CSI HK Connect Health Care Composite ETF

Bosera Hang Seng Health Care ETF(QDII)

ChinaAMC CSI All Share Health Care Devices ETF

Zhongtai Securities Keeps Their Buy Rating on Innovent Biologics (IVBXF)

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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

KNOWLEDGE ATLAS

DONGFANG ELEC

CSPC PHARMA

POP MART

ZHAOJIN MINING

GIGADEVICE

EASTROC

CTG DUTY-FREE

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

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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.

KELUN PHARMA

SKB BIO-B

Eli Lilly

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

iShares US Pharma

Tibet Dongcai CSI Hugangshen Innovative Drugs Industry ETF

ICBCCS CNI HK Connect Innovative Drugs ETF

Yinhua CNI HK Connect Innovative Drugs ETF

Hwabao WP CSI Pharmaceuticals ETF

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

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.

Tencent

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Tencent HK SDR 10to1

Tencent Holdings Limited

Ping An Insurance

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Ping An Ins HK SDR2to1

Ping An

SMIC

SMIC HK SDR 5to1

CPIC

CHINA TAIPING

SUNSHINE INS

Life and Health Insurance

REMEGEN

RemeGen

WUXI BIO

WuXi Biologics

Beigene

FI2 CSOP HSI

HUA HONG SEMI

Hua Hong

INNOCARE

InnoCare Pharma

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SINOHOPE TECH

GUOTAI JUNAN I

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Life Sciences Tools and Services

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LINEKONG

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

HUINBIO@EC2605A(26456.HK)

INNOVENT BIO's match-patent for Bruton’s tyrosine kinase inhibitor has received official approval for new indications

Hong Kong-listed Chinese drug firms set to turn corner on rising sales, deals

Innovent Biologics says Jaypirca received approval by NMPA China

Innovent Biologics (IVBXF) Gets a Buy from SPDB

Nomura Adjusts Innovent Biologics' Price Target to HK$114.64 From HK$105.08, Keeps at Buy