
BofAS: Akeso Cadonilimab Records MoM Growth Against Seasonality

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BofAS reported that Akeso's cadonilimab achieved month-over-month growth despite seasonal trends. In February, Akeso's drug sales reached RMB71.3 million, a 319.6% year-over-year increase, with cadonilimab sales at RMB44.3 million, up 249.5% YoY and 9.6% MoM. Ivonescimab also saw significant growth, with sales of RMB26.6 million, a 517.4% YoY increase. BofAS maintains a Buy rating on Akeso with a target price of HKD162.8.
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