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Investing.com -- Bernstein has identified several China-based biopharmaceutical companies positioned to benefit from evolving drug development capabilities, with a focus on integrated platforms and service providers that support AI-enabled research and development workflows.
Innovent Biologics has delivered a very large 3 year share price return, which puts the current valuation firmly under the microscope for anyone focused on cash flows. With the stock recently closing at HK$95.90, the key issue is how that price lines up with the cash Innovent Biologics is expected to generate over time. The share price gain of 153.4% over the past 3 years means a lot of optimism is already baked in, so the cash flow story now has to do the heavy lifting. Fresh clinical data...
Innovent Biologics, Inc. ("Innovent") (HKEX: 01801), a biopharmaceutical company dedicated to the discovery, development, manufacturing, and commercialization of innovative medicines for the treatment of oncology, autoimmune, cardiovascular and metabolic, ophthalmology, and other major diseases, announced updated Phase 1 clinical data for IBI3003, a novel trispecific antibody targeting GPRC5D, BCMA, and CD3, in patients with relapsed or refractory multiple myeloma (R/R MM) in an oral presentatio
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