share_log

BUZZ-HK-listed WuXi Biologics leads slide in pharma stocks on Merck COVID-19 pill success

reuters ·  Oct 4, 2021 02:38

** Shares of WuXi Biologics 2269.HK lead slide in antibody and vaccines producers, falling 8.1% in their biggest daily percentage decline since July 26, after positive clinical trial results for Merck & Co's MRK.N experimental antiviral COVID-19 pill

** Stock on track to snap four straight sessions of gains - biggest pct decliner on Hang Seng Index .HSI

** Sino Biopharmaceutical 1177.HK drops 6.7% to HK$6.03, lowest since August 2019; the third biggest decliner on the benchmark index

** Data in a clinical trial showed Merck's antiviral pill for coronavirus could halve the chances of dying or being hospitalized for those most at risk of contracting severe COVID-19, boosting its stock on Friday while denting shares of vaccine and coronavirus therapies makers

** Merck and partner Ridgeback Biotherapeutics said they plan to seek U.S. emergency use authorization for the pill as soon as possible and to make regulatory applications worldwide

** In Hong Kong, Kintor Pharmaceutical 9939.HK plunges

26.3%, the biggest daily percentage decline since listing in May

2020

** CanSino Biologics 6185.HK drops 29.5%, the worst day since listing in March 2019

** Shanghai Fosun Pharmaceutical 2196.HK slumps 21%, the worst session since listing in October 2012

** Healthcare index .HSCIH drops 4.8%, the Hang Seng Composite Index .HSCI falls 1.8%, and Hang Seng index .HSI falls 2.2%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment