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Morgan Stanley: Maintains "Shareholding" rating on HANSOH PHARMA (03692) with a Target Price of 24 Hong Kong dollars.
HANSOH PHARMA announced the signing of a global exclusive licensing agreement with Merck, granting them global exclusive rights to develop, manufacture, and commercialize the preclinical oral small molecule GLP-1 receptor agonist HS-10535.
Goldman Sachs: Initiates coverage on HANSOH PHARMA (03692) with a "Buy" rating and a Target Price of HKD 20.97.
Goldman Sachs believes that HANSOH PHARMA can jointly promote or independently commercialize this product in mainland China and Hong Kong and Macau.
Hansoh Pharmaceutical Group Company Limited's (HKG:3692) Popularity With Investors Is Under Threat From Overpricing
Merck Strikes Deal With China's Hansoh Pharma to Develop Weight Loss Drug
Valued at 2 billion dollars! HANSOH PHARMA grants Merck exclusive global licensing rights for the oral weight loss drug.
① Merck and HANSOH PHARMA in China signed a $2 billion agreement to develop and sell the experimental oral weight loss drug HS-10535, which has effects similar to Wegovy and Zepbound; ② HANSOH PHARMA granted Merck global exclusive licensing rights for HS-10535, receiving an initial payment of $0.112 billion and up to $1.9 billion in milestone payments, along with royalties based on product sales.
Viking Shares Tumble After Merck Inks Deal With Hansoh Pharma