RE: Appetite28 Oct 2019 13:36
telling ya!
The surge comes after Hong Kong relaxed its rules last year to encourage biotech firms with no record of profit or revenue to list. The other eight such companies that debuted since that change gained an average 18% from their offer prices, Bloomberg-compiled data show.
“Investors have a particular interest in the health-care sector, especially biotech firms given they usually have a good growth outlook,” said Albert Yu, an analyst at Zhongtai Financial International Ltd. “The company should be able to generate strong profits once it is able to commercialize its products.”
China is investing billions in its hospitals and has revamped its drug approval system to get novel medications quickly to its population. The country has the world’s biggest patient pool for diabetes, and almost 4 million people are diagnosed with cancer each year.'
If CH emails back saying he is in China we might be getting somewhere lol