HK Stock Market Move | BEIGENE (06160) up over 4% at the opening, expected to achieve positive operating profit for the year.

BEIGENE (06160) opened more than 4% higher, rising 4.13% to 111 Hong Kong dollars as of the time of writing, with a trading volume of 3.663 million Hong Kong dollars. On the news front, BEIGENE announced that it will participate in the 43rd Annual J.P. Morgan Healthcare Conference on January 13, 2025 (Eastern Time) and present a report at the event. Mr. John Oyler, CEO of the company, introduced the recent business situation, pipeline layout in the fields of blood tumors and solid tumors, future development plans, and expected progress. He also mentioned that according to Generally Accepted Accounting Principles (GAAP) in the United States, the company expects to achieve a positive operating profit for the full year of 2025 (i.e. operating income greater than the sum of operating costs, sales expenses, management expenses, and research and development expenses).