Shanghai Medicilon IncOverseas licensing deals and positive half-year earnings forecasts improve industry fundamentals, benefiting Medicilon as a constituent.
The Sci-Tech Innovation Board Medical ETF Huaxia closed up 2.22% at 1.06 yuan, while the underlying SSE STAR Market Biomedical Index surged 2.38%. Among constituents, Medicilon rose 12.77%, Olymvax Biopharmaceuticals gained 11.54%, and YD Bio advanced 8.49%. Recent policy tailwinds continue to unfold, including optimized review and approval for cell and gene therapies and the initial inclusion of drugs in medical insurance and commercial insurance catalogues. Meanwhile, domestic innovative drug overseas licensing deals approached 100 billion US dollars in the first half of the year, blockbuster new drugs received intensive approvals, and some pharmaceutical companies reported positive half-year earnings forecasts, steadily improving industry fundamentals. Donghai Securities noted that the pharmaceutical and biomedical sector offers significant medium- to long-term investment value and recommended active positioning.
Shanghai Medicilon IncOverseas licensing deals and positive half-year earnings forecasts improve industry fundamentals, benefiting Medicilon as a constituent.
Chengdu Olymvax Biopharmaceuticals Inc. APolicy tailwinds and overseas licensing deals boost innovative drug sector, positively impacting Olymvax Biopharmaceuticals.
Chengdu Easton Biopharmaceuticals Co LtdIndustry fundamentals improving with policy support and licensing deals, benefiting Easton Biopharmaceuticals.
Inner Mongolia Yuan Xing Energy Co Ltd