Researchers work inside a laboratory at BeiGene’s research and development centre in Beijing. Photo: Bloomberg

Why Chinese biotech companies are not for faint-hearted investors

  • CK Life Sciences is up 97 per cent since announcing favourable clinical trial results for a skin cancer drug four weeks ago
  • But some analysts prefer proven big players with approved drugs and large marketing teams
Topic |   Health in China

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Researchers work inside a laboratory at BeiGene’s research and development centre in Beijing. Photo: Bloomberg
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CK Hutchison’s founder Li Ka-shing (centre) and CK Life Sciences’ chairman Victor Li Tzar-kuoi (right) at the listing ceremony of the pharmaceutical and agriculture produce company’s shares in Hong Kong on 3 July, 2002. Photo: SCMP

Shares of Victor Li’s CK Life more than double to a multi-year high after favourable clinical trial on drug used for treating skin cancer

  • The drug, being developed by CK Life’s unit Polynoma, could be the first vaccine-based immunotherapy for stage-two sufferers of melanoma if it meets US Food and Drug Administration requirements on further trial work
  • CK Life’s shares more than doubled to a 53-month high of HK$0.90, with 433 million shares changing hands, more than 110 times their daily average transactions
Topic |   Pharmaceuticals

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CK Hutchison’s founder Li Ka-shing (centre) and CK Life Sciences’ chairman Victor Li Tzar-kuoi (right) at the listing ceremony of the pharmaceutical and agriculture produce company’s shares in Hong Kong on 3 July, 2002. Photo: SCMP
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