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9887 — Nanjing Leads Biolabs News Story

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Nanjing Leads rises on clinical study progress on cancer treatment drug

BUZZ-Nanjing Leads rises on clinical study progress on cancer treatment drug 

** Shares of Nanjing Leads Biolabs 9887.HK jump 9.2% to HK$75.4, their biggest intraday pct gain since July 15

** The China-based oncology and autoimmune therapies developer says Phase II clinical study of its drug candidate LBL-024 as a first-line treatment for patients with metastatic esophageal squamous cell carcinoma has completed the safety lead-in stage and has advanced to the combination treatment expansion stage

** LBL-024 has demonstrated a favourable safety and tolerability profile in about 800 patients treated to date, supporting its development as a potential next-generation immuno-oncology backbone therapy, says Nanjing Leads

** YTD, stock up 46.2%, Hang Seng Biotech Index .HSBIO up 11.5%



(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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