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交银国际:维持康方生物(09926)“买入”评级 目标价升至67港元

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交银国发布报告称,维持康方生物(09926)“买入”评级,基于近期临床数据更新和NDA提交,将卡度尼利的一线胃癌POS上调至90%,经POS调整高峰产品销售预测上调至52亿元人民币,目标价由57港元上调至67港元。

报告中称,公司卡度尼利胃癌sNDA获受理,相关数据未来将于学术会议或学术期刊上发表,无论PD-L1表达如何,卡度尼利在整体晚期胃癌中展示出高效的肿瘤缓解和生存获益。交银国际表示,进入今年上半年,国内III期AK102-303试验即将迎来重要数据读出。该行认为,该临床结果将一定程度上影响市场对于产品海外临床结果和长期出海前景的预期;根据II期结果,预计303试验的成功可能性较大。

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