BOCOM International released a research report stating that given the larger sample size of AKESO's (09926) HARMONi study, the final analysis of overall survival (OS) is likely to achieve statistical significance. The firm indicated it has raised its overseas peak-of-sales forecast to $16.5 billion.
The firm has adjusted its financial projections for the group from 2025 to 2027, while raising the target price from HK$140 to HK$183, maintaining a "Buy" rating.
According to the report, the company's commercial sales revenue in the first half grew 49% year-over-year to RMB 1.4 billion, primarily driven by the formal inclusion of core bispecific antibody products Kadcyla and Ivonescimab in the national reimbursement catalog at the beginning of the year, alongside the commercial launch of PCSK9 and IL12/IL23.
The company's sales team now exceeds 1,200 personnel and continues to strengthen its oncology and specialty pharmaceutical business divisions.