BUZZ-HK-listed Hbm at 3-year peak on getting paid for license deal

Reuters
10 hours ago
BUZZ-HK-listed Hbm at 3-year peak on getting paid for license deal

** Shares of Chinese immunology diseases therapeutics developer Hbm Holdings Ltd 2142.HK rise 4.8% to HK$6.27, their highest since January 2022, and on course for second session of gains

** Hbm says co, as a licensor in a license agreement for product HBM9378/SKB378, has received an upfront payment from licensee Windward Bio AG, which will bolster co's cash reserves

** It gives no further details

** Hong Kong's healthcare index .HSCIH climbs 1.1%, Hang Seng Index .HSI rises 2.5%

** Stock up 221.5% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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