The day after the listing of Tongyuan Kang Medical-B (02410), the stock rose by more than 22%, reaching a high of 16.82 Hong Kong dollars, an increase of more than 39% compared to the offering price of 12.1 Hong Kong dollars. As of the time of publication, it has risen by 20.58% to 16.52 Hong Kong dollars, with a turnover of 8.8934 million Hong Kong dollars.
According to the financial news app ZhuTong Finance, the day after the listing of Tongyuan Kang Medical-B (02410), the stock rose by more than 22%, reaching a high of 16.82 Hong Kong dollars, an increase of more than 39% compared to the offering price of 12.1 Hong Kong dollars. As of the time of publication, it has risen by 20.58% to 16.52 Hong Kong dollars, with a turnover of 8.8934 million Hong Kong dollars.
It is reported that Tongyuan Kang Medical was established in 2017 and is a clinical-stage biopharmaceutical company focusing on small molecule drugs and other related innovative drug categories, dedicated to the discovery, development, and commercialization of differentiated targeted therapies, mainly addressing unmet medical needs in the field of oncology, especially in the area of lung cancer. Currently, the company has a pipeline of 11 candidate drugs, including TY-9591 (core product), 6 clinical-stage products (including the key product TY-302 and internally developed key product TY-2136b), and 4 preclinical stage products.
Among them, the company's core product TY-9591 is a third-generation EGFR-TKI, which is a deuterated drug of osimertinib, mainly used to treat EGFR-mutated non-small cell lung cancer. The drug has shown great potential in early clinical trials. According to the clinical data of 29 evaluable NSCLC brain metastases patients in phase Ib and II clinical studies, partial remission (PR) was observed in 25 patients and complete remission (CR) in 4 patients, with an objective remission rate (ORR) of 100% for intracranial lesions.