$INNOVENT BIO(01801.HK), $WUXI APPTEC(02359.HK) both dropped around six points, and $ALI HEALTH(00241.HK) saw a slight decline 😔.
The previous rally in innovative drugs and CXO was too smooth; when the Hong Kong stock market overall pulled back, profit-takers cashed out faster than anyone else.
The main theme of BD (Business Development) going global hasn't changed. Following the broader market correction, this is actually a process of re-washing valuations to make them cheaper.
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