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Junshi Biopharma Rises 22% Following $394 Million Hong Kong IPO

publication date: Dec 24, 2018

Shanghai Junshi Biosciences rose 22% in its first trading session on the Hong Kong Exchange following its $394 million IPO. Last week, Junshi announced its lead drug candidate, Tuoyi (toripalimab), an anti-PD-1 molecule, was approved by China's NMPA as a second-line treatment for melanoma. It is the first domestic PD-1 approved in China. Junshi has 13 products in development, five of them clinical stage. The IPO was completed at a nearly $2 billion valuation, and the company now has a market capitalization of $2.4 billion. More details....

Stock Symbol: (HK: 1877)

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