Daily BriefsHealthcare

Daily Brief Health Care: Innovent Biologics Inc and more

In today’s briefing:

  • Innovent Biologics Inc (1801.HK) – Innovent Is Not Optional but Necessary in Portfolio

Innovent Biologics Inc (1801.HK) – Innovent Is Not Optional but Necessary in Portfolio

By Xinyao (Criss) Wang

  • Innovent is expected to transform from a biotech to a biopharma. From the present point of view, the Company is a better comprehensive choice of certainty, elasticity and safety.  
  • With high R&D efficiency, strong sales capability, top talent teams, and mindset keeping pace with the times, investors could consider to replace Hengrui with Innovent in the portfolio.  
  • Innovent’s valuation anchor is HK$40 billion, below which it’s undervalued. Its market value could reach about RMB80 billion to RMB120 billion, based on sales of RMB10 billion to RMB15 billion. 

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