China's Ascletis hits 6-year peak on good results for weight loss drug
ReutersMar 12, 2025 6:31 AM
Shares of Chinese pharmaceutical products developer Ascletis Pharma Inc 1672.HK jump 8.7% to HK$7.99, their highest since March 2019
Stock on course for the biggest one-day gain since March 3; on track for third straight session of rise
Ascletis announces positive topline results of Phase 1B studies of weight loss drug candidate ASC47 monotherapy in Australia
Says U.S. Food and Drug Administration has cleared the U.S. Investigational New Drug application for ASC47 in combination with semaglutide for the treatment of obesity
Hong Kong's healthcare index .HSCIH and Hang Seng Index .HSI both slip 0.1%
Stock up 144.2% YTD
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