Innovent Biologics jumps most in five months on Eli Lilly deal

Innovent Biologics

09/02/2026 05:39

** Shares of Innovent Biologics 1801.HK jump 8.6% to HK$86.3, set for its biggest one-day pct gain since September 1

** Innovent has struck a new deal with Eli Lilly LLY.N to develop immunology and oncology drugs, under which the U.S. drugmaker will pay $350 mln upfront and as much as $8.5 bln more if milestones are met

** YTD, stock up 11.3%, Hang Seng Biotech Index .HSBIO up 9.5%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))