In the afternoon, China Quanxing's B (02509) rose nearly 9%. As of the press release, it rose 7.17% and was reported at HKD 24.65, with a turnover of HKD 2.1469 million.
According to the Wise News APP, China Quanxing's B (02509) rose nearly 9% in the afternoon. As of the press release, it rose 7.17% and was reported at HKD 24.65, with a turnover of HKD 2.1469 million.
On the news front, earlier China Quanxing announced a cooperation agreement with huadong medicine's wholly-owned subsidiary Sino-US Huadong on July 19, 2024. Accordingly, the company grants Sino-US Huadong exclusive joint development rights of target products in the authorized region and field; exclusive market promotion selection rights; and priority transfer rights of the listing permit holder.
The announcement stated that partnering with a large pharmaceutical company with strong development and commercialization capabilities and sufficient clinical resources nationwide is in line with the best interests of the group to expedite the development of the target product, which is consistent with industry practices and brings commercial benefits to the group. The cooperation with Zhongmei Huadong will help expand the indications of the target product and unlock its value, accelerate the development progress of the existing phase III clinical trials of the target product, and bring more funding support to the group.