HomeReleasesHarbour BioMed Joins Stock Connect Following Profi...
Releases

Harbour BioMed Joins Stock Connect Following Profitability Milestone

Harbour BioMed Joins Stock Connect Following Profitability Milestone

Harbour BioMed shares are now eligible for trading via the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs, granting mainland Chinese investors direct access to the biopharmaceutical firm. This transition follows the company’s recent market capitalization surge past HK$10 billion, signaling its entry into the ranks of mid-to-large-cap entities.

The inclusion reflects a period of financial stability for the firm, which reported US$122.5 million in revenue for the first half of 2026—a 20.9% year-over-year increase. With US$71.6 million in adjusted net profit, the company has now recorded seven consecutive profitable half-years. This performance provides the liquidity needed to advance a pipeline of nearly 30 drug candidates, including the lead asset batoclimab, currently undergoing Biologics License Application review.

Beyond internal development, the company has secured a global footprint through licensing agreements with firms like AstraZeneca, Otsuka Pharmaceutical, and Pfizer, with cumulative deal values exceeding US$13 billion. A core component of this strategy involves its Harbour Mice platform and the integration of AI-driven discovery, which enables complex antibody design. By joining the Stock Connect, Harbour BioMed expects to diversify its investor base and improve market visibility, further anchoring its position as a key player in the international biotechnology sector.

Share:TelegramXFacebook

Read Also

Comments (0)

Leave a comment

No comments yet. Be the first!