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港股异动 | 嘉和生物-B(06998)逆市涨近10% 近日与亿腾医药宣布达成战略合并协议

Hong Kong stocks movement | GENOR-B (06998) rises nearly 10% against the market, recently announced a strategic merger agreement with Eton Pharmaceuticals.

Zhitong Finance ·  Jan 1 19:55

GENOR-B (06998) rose nearly 10% against the market trend. As of the time of writing, it has increased by 9.83%, trading at 1.9 Hong Kong dollars, with a transaction amount of 1.8356 million Hong Kong dollars.

According to the Zhitong Finance APP, GENOR-B (06998) has risen nearly 10% against the market trend. As of the time of writing, it is up 9.83%, priced at 1.9 Hong Kong dollars, with a transaction volume of 1.8356 million Hong Kong dollars.

In terms of news, recently, GENOR announced a merger agreement with E-Town Pharmaceuticals. According to the agreement, E-Town Pharmaceuticals will become a wholly-owned subsidiary of GENOR through a reverse acquisition and will be renamed "E-Town GENOR Pharmaceutical Group Co., Ltd." This marks the first reverse acquisition case of an innovative drug company since the HKEX issued the 18A rule, signifying another major breakthrough for E-Town Pharmaceuticals in the Capital Markets.

It is understood that by integrating GENOR's innovative research and development resources, E-Town Pharmaceuticals will be able to accelerate the development and market promotion of Innovative Drugs. In particular, GENOR's upcoming CDK4/6 inhibitor, Lorisil, can create a synergistic effect with E-Town Pharmaceuticals' existing HDAC inhibitor, Jingzhuda, to jointly explore a broader market space. In addition to focusing on the domestic market, GENOR and E-Town Pharmaceuticals are also looking towards the overseas market. The merger between GENOR and E-Town Pharmaceuticals will lay a solid foundation for both parties' future expansion in overseas markets.

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