BUZZ-HK-listed Simcere Pharmaceutical gains on clinical trial approval for cancer drug

Reuters
10 Apr
BUZZ-HK-listed Simcere Pharmaceutical gains on clinical trial approval for cancer drug

** Shares of Simcere Pharmaceutical Group Ltd 2096.HK jump 5.5% to HK$8.07, their biggest intraday pct gain since February 18

** Stock on course for a third consecutive session of gains, if current trend holds

** Simcere Pharmaceutical says its anti-tumor drug candidate - SIM0686 - has obtained a Clinical Trial Approval, issued by China's National Medical Products Administration (NMPA)

** SIM0686 is an FGFR2b Antibody-Drug Conjugate for treatment of gastric cancer and lung cancer

** Hong Kong's healthcare index .HSCIH rises 2.1%, Hang Seng Index .HSI rises 1.8%

** Stock up 7.8% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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