AKESO(HK:09926) Zhi Tong Cai Jing·2025-09-23 05:49Core Viewpoint - Kangfang Biotech (09926) shares rose nearly 5%, currently up 4.96% at HKD 137.5, with a trading volume of HKD 1.212 billion, driven by the upcoming presentation of its innovative bispecific antibody drug, Ivosidenib, at the ESMO 2025 conference [1] Company Summary - Kangfang Biotech's Ivosidenib (PD-1/VEGF bispecific antibody) is set to be featured in a Late-Breaking Abstract at the ESMO 2025 conference, with a significant presentation by Professor Lu Shun, the principal investigator of the Phase III clinical study comparing it to Tislelizumab for treating advanced squamous non-small cell lung cancer (sq-NSCLC) [1] - The company is recognized for its innovative capabilities, which have contributed to a substantial increase in its stock value [1] Industry Summary - Morgan Stanley reported that the total market capitalization of Chinese biotech stocks listed in Hong Kong has increased by 154% year-to-date, significantly outperforming the Hang Seng Index's 34% rise, indicating a major shift in market recognition of local pharmaceutical innovation [1] - The expectation of accelerated interest rate cuts by the Federal Reserve is anticipated to enhance risk appetite, directing funds towards growth sectors like Chinese biotech [1] - Despite the positive outlook, Morgan Stanley cautioned that individual stock performance will still depend on company fundamentals, including commercialization execution and innovation progress, highlighting companies with short-term catalysts, such as Kangfang Biotech [1]