BUZZ-HK-listed Lepu jumps most in 5 weeks on exclusive deal with ArriVent BioPharma

Reuters

01/22

BUZZ-HK-listed Lepu jumps most in 5 weeks on exclusive deal with <a href="https://laohu8.com/S/AVBP">ArriVent BioPharma</a>

** Hong Kong-listed Lepu Biopharma 2157.HK jumps 14.2% to HK$2.73; set for biggest one-day pct gain since Dec. 17, 2024

** Stock hits highest since Dec. 27, 2024; on track for fifth consecutive session of gains

** Co grants exclusive global rights to ArriVent BioPharma AVBP.O to develop and commercialize Lepu's novel antibody drug conjugate candidate MRG007, which is used to treat gastrointestinal cancers, outside of Greater China

** Lepu will get one-time upfront and near-term milestone payments of $47 mln

** Eligible to get up to $1.16 bln in development, regulatory and sales milestones and tiered royalties in high single-digit to low-teen percentages on net sales in Licensed Region

** AVBP rose 3.7% on Tuesday

** Lepu fell ~38% last year

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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set for biggest one-day pct gain since Dec. 17, 2024</p><p>** Stock hits highest since Dec. 27, 2024; on track for fifth consecutive session of gains</p><p>** Co grants <span>exclusive global rights</span> to ArriVent BioPharma <span>AVBP.O</span> to develop and commercialize Lepu's novel antibody drug conjugate candidate MRG007, which is used to treat gastrointestinal cancers, outside of Greater China</p><p>** Lepu will get one-time upfront and near-term milestone payments of $47 mln</p><p>** Eligible to get up to $1.16 bln in development, regulatory and sales milestones and tiered royalties in high single-digit to low-teen percentages on net sales in Licensed Region</p><p><span>** </span>AVBP <span>rose 3.7% on Tuesday</span></p><p>** <span>Lepu</span> fell ~38% last year</p><p> (Reporting by Donny Kwok)</p><p> ((donny.kwok@thomsonreuters.com))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1161","symbol_name":"生物科技","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250122:nL2N3OI02B:1","article_id":"2505594687","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505594687","pubTimestamp":1737512361,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-HK-listed Lepu jumps most in 5 weeks on exclusive deal with ArriVent BioPharma** Hong Kong-listed Lepu Biopharma 2157.HK jumps 14.2% to HK$2.73; 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set for biggest one-day pct gain since Dec. 17, 2024** Stock hits highest since Dec. 27, 2024; on track for fifth consecutive session of gains** Co grants exclusive global rights to ArriVent BioPharma AVBP.O to develop and commercialize Lepu's novel antibody drug conjugate candidate MRG007, which is used to treat gastrointestinal cancers, outside of Greater China** Lepu will get one-time upfront and near-term milestone payments of $47 mln** Eligible to get up to $1.16 bln in development, regulatory and sales milestones and tiered royalties in high single-digit to low-teen percentages on net sales in Licensed Region** AVBP rose 3.7% on Tuesday** Lepu fell ~38% last year (Reporting by Donny Kwok) ((donny.kwok@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}