Update shared on20 Aug 2025
Fair value Increased 5.70%A sharp decline in InnoCare Pharma’s future P/E multiple alongside a modest improvement in net profit margin suggests enhanced growth expectations and profitability, resulting in an increased fair value estimate, with the consensus analyst price target rising from HK$13.51 to HK$14.28.
What's in the News
- InnoCare Pharma's Board of Directors will meet to consider and publish interim results for the six months ended 30 June 2025.
- Regulatory approval was received to begin a clinical trial for the novel B7-H3 targeted ADC (ICP-B794) in solid tumors, leveraging innovative ADC technology and expanding InnoCare’s solid tumor pipeline.
- Positive clinical data was presented for multiple oncology candidates, including: mesutoclax in combination with orelabrutinib for CLL/SLL (registrational Phase III initiated), promising results for new treatments in marginal zone lymphoma and diffuse large B-cell lymphoma with high response and survival rates.
- Anti-CCR8 antibody ICP-B05 showed promising efficacy and safety for cutaneous T-cell lymphoma (CTCL) in an early-phase study; zurletrectinib (ICP-723) displayed deep and durable responses across NTRK+ solid tumors, including those with brain metastases.
- Approval granted for a Phase I trial of mesutoclax combined with azacitidine in myeloid malignancies; mesutoclax also has Breakthrough Therapy Designation in China for BTKi-treated relapsed/refractory mantle cell lymphoma, and accelerated Phase III enrollment for CLL/SLL.
Valuation Changes
Summary of Valuation Changes for InnoCare Pharma
- The Consensus Analyst Price Target has risen from HK$13.51 to HK$14.28.
- The Future P/E for InnoCare Pharma has significantly fallen from 72.32x to 51.61x.
- The Net Profit Margin for InnoCare Pharma has risen slightly from 17.99% to 18.62%.
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