Core Viewpoint - Jinfang Pharmaceutical-B (02595) experienced a significant stock price increase, rising over 8% towards the end of trading, with a current price of 31.1 HKD and a trading volume of 28.08 million HKD [1] Group 1: Clinical Trial Announcement - On November 11, Jinfang Pharmaceutical announced the initiation of a Phase III clinical trial comparing the efficacy and safety/tolerability of GFH375 monotherapy versus investigator-selected chemotherapy for patients with KRAS G12D mutated metastatic pancreatic cancer [1] - The company’s prospectus indicates that GFH375 is being developed as a first-in-class oral G12D inhibitor, with plans for the monotherapy to enter Phase I/II trials by June 2024 [1] - GFH375/VS-7375 has received FDA Fast Track designation this year, allowing it to be used for first-line and subsequent treatment of locally advanced and metastatic KRAS G12D mutated PDAC patients [1] Group 2: Previous Data Presentation - Early data on GFH375 monotherapy for solid tumors was presented at prestigious international academic conferences such as ASCO and WCLC this year, through late-breaking abstracts and oral presentations [1]

Upstream Bio Conference Call Summary Company Overview - **Company**: Upstream Bio (NasdaqGS:UPB) - **Event**: First annual I&I Summit - **Date**: November 12, 2025 Key Industry Insights Drug Development and Efficacy - Upstream Bio presented positive Phase 2 data for **verekitug**, an antibody targeting the **TSLP receptor**, showing long pharmacodynamic activity with a dosing schedule of Q12 weeks [3][5][6] - The drug demonstrated a **76% reduction** in systemic corticosteroid use and surgery needs in patients with chronic rhinosinusitis with nasal polyps (CRSwNP) [9][10] - The data indicated that there was no plateau in efficacy at 24 weeks, suggesting potential for continued improvement in longer studies [4][8] Clinical Trial Progression - Upstream Bio is advancing towards Phase 3 trials for both CRSwNP and severe asthma, with plans to analyze data from both indications contemporaneously to inform dose selection [11][12] - The company aims to initiate Phase 3 programs as quickly as possible, contingent on data analysis and regulatory feedback [31] Competitive Landscape - Upstream Bio differentiates itself from competitors by targeting the **TSLP receptor** rather than the ligand, which is the approach taken by other companies [34][35] - The competitive landscape includes drugs from GSK and ILOS, which are reportedly behind Upstream Bio in development timelines [32][34] Additional Important Points Pharmacodynamics and Dosing - The pharmacodynamic profile of verekitug suggests that it maintains receptor occupancy for up to **24 weeks** after the last dose, which is critical for sustained efficacy [24][22] - The company is exploring the potential for extended dosing intervals (Q24 weeks) while ensuring that efficacy is not compromised [17][22] Regulatory Considerations - Upstream Bio is focused on obtaining robust data to support regulatory negotiations, with a primary endpoint of asthma exacerbation reduction set at **50% or greater** [26][28] - The company is preparing for potential discussions with regulators regarding the design of future trials, including considerations for secondary endpoints like lung function improvement [30][31] Future Data Releases - Upcoming data from the Phase 2 trials is expected in Q1, with plans to present findings at major medical meetings such as QuadAI and ATS in the first half of the following year [38] This summary encapsulates the critical insights and developments discussed during the Upstream Bio conference call, highlighting the company's strategic direction and competitive positioning within the biotech industry.

TG Therapeutics Conference Call Summary Company Overview - **Company**: TG Therapeutics (NasdaqCM:TGTX) - **Event**: Conference Call on November 12, 2025 Key Points Product Performance and Market Position - **Briumvi Launch Success**: Briumvi has established itself as a trusted product among physicians, with many moving it to the first IV slot due to its data and patient convenience [3][5] - **Patient Support Programs**: TG Therapeutics maintains the most generous patient support programs, unlike competitors who have cut back, contributing to its market position [5][6] - **Crossover Patients**: A significant portion of Briumvi's patients are switching from other therapies, with a stable distribution among naive patients, switches from non-CD20 therapies, and switches from other CD20 therapies [9][10] Clinical Trials and Future Expectations - **Enhanced Trial Enrollment**: Impressive enrollment rates in the enhanced trial combining initial doses, with expectations for a successful outcome based on area under the curve measures [12][13] - **Subcutaneous (SubQ) Version**: The company is optimistic about the SubQ version of Briumvi, targeting non-inferiority to IV dosing, with enrollment expected to complete in the first half of next year and data anticipated in late 2026 or early 2027 [29][32] Competitive Landscape - **Ocrevus and BTK Inhibitors**: Current market dynamics show limited impact from Ocrevus SubQ on Briumvi's uptake. The company believes BTK inhibitors will compete more in the oral category rather than against CD20 therapies [17][19][20] - **Market Dynamics for SubQ**: The SubQ version is expected to capture a significant market share, potentially doubling the total addressable market, with a competitive edge in convenience over existing products [33][34] Revenue and Growth Expectations - **Q4 Guidance**: The company is confident in meeting or exceeding Q4 guidance, citing positive dynamics typically seen in the fourth quarter [23][24] - **2026 Growth Initiatives**: Plans to expand direct-to-consumer (DTC) campaigns and enhance field team effectiveness to drive growth in 2026 [26][27] Pipeline and Future Projects - **Exploratory Programs**: The company is cautiously optimistic about ongoing exploratory programs, including MG trials and azer-cel, with potential for clearer direction in 2026 [35][36] Additional Insights - **Patient Awareness**: The DTC campaign has reportedly raised awareness, with patients actively requesting Briumvi after seeing commercials, indicating a positive trend for future sales [26][27] - **Team Performance**: The field team has received positive feedback, and the company is considering adding more personnel to strengthen market presence [27][28] This summary encapsulates the key insights from the TG Therapeutics conference call, highlighting the company's strategic positioning, product performance, competitive landscape, and future growth initiatives.

Core Viewpoint - Shanghai Kaibao (300039.SZ) has received the Clinical Trial Approval Notice from the National Medical Products Administration for its drug KBZ24020, which is intended for clinical trials in treating acute ischemic stroke [1] Company Summary - The clinical trial application for KBZ24020 was accepted on August 25, 2025, and has met the requirements for drug registration [1] - KBZ24020 is derived from clinical experience and is indicated for clearing heat and resolving phlegm, specifically for treating acute ischemic stroke with phlegm-heat syndrome [1] Industry Summary - The drug is aimed at addressing symptoms associated with acute ischemic stroke, including hemiplegia, limb numbness, dizziness, irritability, heavy breath, sticky phlegm in the mouth, yellow tongue coating, and constipation [1]

Core Viewpoint - The announcement highlights the early efficacy of CU-10201, a topical 4% minocycline foam, for treating moderate to severe acne vulgaris, which has been selected for presentation at the 20th CDA Annual Meeting [1] Group 1: Product Information - CU-10201 is the first and only approved topical minocycline for acne treatment globally and has received priority review and approval from the National Medical Products Administration of China [1] - The product has demonstrated efficacy and safety in a 12-week Phase III clinical trial for Chinese patients with moderate to severe acne vulgaris [1] Group 2: Clinical Trial Insights - The post-hoc analysis aims to evaluate the early efficacy of CU-10201 in Chinese patients with moderate to severe facial acne during the first and second weeks of treatment [1] - Efficacy analysis indicates that CU-10201 shows a significant characteristic of rapid onset, with notable improvement in inflammatory lesions observed in the first week and further enhancement by the second week [1] - These early efficacy data suggest that CU-10201 can provide a rapid symptom relief treatment option for acne vulgaris patients, holding important clinical significance [1]

Core Viewpoint - The announcement highlights the early efficacy of CU-10201, a topical 4% minocycline foam, for treating moderate to severe facial acne, which has been selected for oral presentation at the 20th CDA Annual Meeting [1] Group 1: Product Information - CU-10201 is the first and only approved topical minocycline for acne treatment globally and has received priority review approval from the National Medical Products Administration of China [1] - The product has demonstrated efficacy and safety in a 12-week Phase III clinical trial for moderate to severe acne patients in China [1] Group 2: Clinical Trial Insights - The post-hoc analysis aims to evaluate the early efficacy of CU-10201 in patients with moderate to severe facial acne during the first and second weeks of treatment [1] - Efficacy analysis indicates that CU-10201 shows a significant characteristic of rapid onset, with notable improvement in inflammatory lesions observed in the first week and further enhancement by the second week [1] - These early efficacy data suggest that CU-10201 provides a rapid symptom relief treatment option for acne patients, holding important clinical significance [1]

Core Insights - Guangdong Hengrui Medicine Co., Ltd. has initiated a Phase I clinical trial for HRS-9813, a drug aimed at treating pulmonary fibrosis, with the trial registered under CTR20254413 and publicly announced on November 6, 2025 [1] Group 1: Clinical Trial Details - The primary objective of the trial is to evaluate the pharmacokinetic interactions of HRS-9813 capsules with pirfenidone and nintedanib in healthy subjects [1] - Secondary objectives include assessing the safety and tolerability of the drugs when used alone and in combination, as well as exploring the metabolic characteristics of HRS-9813 in healthy subjects [1] - The trial is currently ongoing with a target enrollment of 20 participants, although recruitment has not yet started [2] Group 2: Drug Information - HRS-9813 is a chemical drug indicated for pulmonary fibrosis, a condition characterized by lung tissue damage leading to scarring, with symptoms including dry cough and progressive shortness of breath [1] - High-resolution CT scans can assist in the diagnosis of pulmonary fibrosis [1]

Group 1 - The core viewpoint of the article is that Zhongsheng Pharmaceutical is actively advancing the Phase III clinical trial of its drug, Anglatide granules (research code: ZSP1273) [1] Group 2 - The company has communicated this progress through its investor interaction platform [1]

Core Viewpoint - Heng Rui Medicine (600276.SH) has received approval from the National Medical Products Administration for the clinical trial of Ruvelimab tablets, which will commence shortly [1] Group 1: Company Developments - The company has been granted a "Drug Clinical Trial Approval Notice" for Ruvelimab tablets [1] - Ruvelimab tablets are classified as a second-generation AR inhibitor, offering stronger AR inhibition compared to first-generation AR inhibitors [1] - The new drug is noted for having no agonistic effects, distinguishing it from earlier treatments [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的全部內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 ASCENTAGE PHARMA GROUP INTERNATIONAL 亞盛醫藥集團 （於開曼群島註冊成立的有限公司） （股份代號：6855） 自願公告 亞盛醫藥耐立克®、利生妥®、APG-5918的多項臨床進展將 在2025年美國血液學會年會(ASH)展示，其中一項獲口頭報告 亞盛醫藥集團（「本公司」或「亞盛醫藥」）欣然宣佈，本公司3個品種（耐立克®、利 生妥®、APG-5918）有多項臨床和臨床前進展入選第67屆美國血液學會(American Society of Hematology, ASH)年會展示及報告，其中一項獲口頭報告。其中，本 公司原創1類新藥奧雷巴替尼（商品名：耐立克®）有多項臨床進展獲選第67屆ASH 年會，這是該品種的臨床進展連續第8年入選ASH年會。此外，本公司原創1類新 藥利沙托克拉（商品名：利生妥®；研發代碼：APG-2575）共有2項臨床進展獲選 第67屆ASH年會， ...