HK Stock Market Move | LAEKNA-B(02105) surged over 6% again LAE102 Phase I SAD study in the United States achieved positive results
Lai Kai Pharmaceuticals-B (02105) rose by over 6% again, with an increase of 5.91% as of the time of publication, reaching 14.33 Hong Kong dollars with a turnover of 1761.42 million Hong Kong dollars.
LAEKNA-B (02105) rose by more than 6%, up 5.91% to HK$14.33 at the time of writing, with a trading volume of HK$17.6142 million.
In terms of news, Lekai Pharmaceutical announced a collaboration with Eli Lilly and Company, successfully completing the Phase I single dose escalation study of LAE102 (a selectively targeted ActRIIA monoclonal antibody) in the United States. The results showed an encouraging, dose-dependent trend of muscle gain and fat loss after a single injection of LAE102.
The company is currently actively planning a Phase II clinical trial to evaluate the combination therapy of LAE102 with incretin-based drugs for patients with high BMI and related complications. The company is in active discussions with potential partners to expedite the global development and commercialization process of LAE102, bringing this precision treatment to overweight and obese patients in need of innovative treatment options for achieving high-quality weight control.
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HK Stock Market Move | Storage concept stocks rise, Montage Technology (06809) up more than 7%, GigaDevice Semiconductor Inc. (03986) up more than 3%.

HK Stock Market Move | Capital Airport (00694) plunged more than 9% in early trading, with a total market value falling below HKD 10 billion. It has been officially removed from the list of Hong Kong stock connects starting yesterday.

Donghai Securities: Policies are driving A-share valuation system towards value-driven. Focus on large securities firms for stock allocation opportunities.
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