{"id":67709,"date":"2025-09-16T14:31:09","date_gmt":"2025-09-16T14:31:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/67709\/"},"modified":"2025-09-16T14:31:09","modified_gmt":"2025-09-16T14:31:09","slug":"chinese-healthcare-firms-stock-soars-4500-amid-fears-of-a-biotech-bubble","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/67709\/","title":{"rendered":"Chinese healthcare firm\u2019s stock soars 4,500% amid fears of a biotech bubble"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">A Chinese biotech firm that soared more than 4,500 per cent in the three months since its Hong Kong debut, has stoked fears of a speculative bubble in China healthcare stocks.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Shares of TransThera Sciences soared as much as 64 per cent to HK$679.50 in Hong Kong trading on Tuesday, after pricing at just HK$13.15 in late June \u2013 a more than 50-fold gain that has made it the top performer on the Hang Seng Healthcare Index this year.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">TransThera noted the \u201cunusual movements\u201d in its share price in an announcement on Tuesday, while confirming \u201cbusiness operation remained normal\u201d.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The blistering rally highlighted investor appetite for China\u2019s biotech initiatives amid a red-hot Hong Kong equity market, but it also heightened concerns about lofty valuations in a sector still fraught with drug development risks.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">In the company\u2019s latest interim report, TransThera posted zero revenue for the period ending June 30.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201c4,000 per cent in three months is definitely crazy,\u201d said Haris Khurshid, chief investment officer at Chicago-based Karobaar Capital. \u201cBut it says more about sentiment than fundamentals.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"A Chinese biotech firm that soared more than 4,500 per cent in the three months since its Hong&hellip;\n","protected":false},"author":2,"featured_media":67710,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[275],"tags":[2786,79,381,179,18,135,475,474,4202,19,17,3521,5,2336,19453,119,82,107,65],"class_list":{"0":"post-67709","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-healthcare","8":"tag-asia","9":"tag-business","10":"tag-china","11":"tag-economy","12":"tag-eire","13":"tag-health","14":"tag-health-care","15":"tag-healthcare","16":"tag-hong-kong","17":"tag-ie","18":"tag-ireland","19":"tag-lifestyle","20":"tag-news","21":"tag-opinion","22":"tag-south-china-morning-post","23":"tag-sport","24":"tag-technology","25":"tag-us","26":"tag-world"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/67709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=67709"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/67709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/67710"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=67709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=67709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=67709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}