{"id":406430,"date":"2020-12-30T05:22:30","date_gmt":"2020-12-30T10:22:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=406430"},"modified":"2020-12-30T05:22:30","modified_gmt":"2020-12-30T10:22:30","slug":"ascentage-pharma-officially-included-in-shenzhen-hong-kong-stock-connect-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ascentage-pharma-officially-included-in-shenzhen-hong-kong-stock-connect-program\/","title":{"rendered":"Ascentage Pharma Officially Included in Shenzhen-Hong Kong Stock Connect Program"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>SUZHOU,\u00a0China\u00a0and\u00a0ROCKVILLE, Md., <span class=\"xn-chron\">Dec. 30, 2020<\/span> \/PRNewswire\/ &#8212; Ascentage Pharma (6855.HK), a globally focused, clinical-stage biotechnology company engaged in developing novel therapies for cancers, chronic hepatitis B (CHB), and age-related diseases, today announced that the company was officially included into the Shenzhen-Hong Kong Stock Connect program\u00a0(the &#8220;Hong Kong Stock Connect&#8221;). This was officially announced by the Shenzhen Stock Exchange (&#8220;SZSE&#8221;) on <span class=\"xn-chron\">December 25, 2020<\/span>, which has been effective since December\u00a028, 2020. This inclusion is the very first arrangement for the eligible pre-revenue biotech companies listed under Chapter 18A of <span class=\"xn-location\">Hong Kong&#8217;s<\/span> Main Board Listing Rules, and complied with the conditions for the inclusion in the Hong Kong Stock Connect.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/891219\/Ascentage_Pharma_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/891219\/Ascentage_Pharma_Logo.jpg\" title=\"Ascentage Pharma Logo (PRNewsfoto\/Ascentage Pharma)\" alt=\"Ascentage Pharma Logo (PRNewsfoto\/Ascentage Pharma)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The Hong Kong Stock Connect is a collaboration program between the <span class=\"xn-location\">Hong Kong<\/span>, <span class=\"xn-location\">Shanghai<\/span> and Shenzhen Stock Exchanges. Stock Connect allows international and <span class=\"xn-person\">China Mainland<\/span> investors to trade securities in each other&#8217;s markets through the trading and clearing platforms of their home exchange. In this adjustment, a total of six eligible pre-revenue biotech companies will be the first included in the Hong Kong Stock Connect. The expansion of the eligible stocks of Hong Kong Stock Connect, will further optimize the interconnected, intercommunicated, and mutual\u00a0development of the capital markets between Mainland China and <span class=\"xn-location\">Hong Kong<\/span>.<\/p>\n<p>As the first biotech stock specializing in small molecular innovative drugs, Ascentage Pharma has made significant progress in clinical development, external partnership, and patent distribution during the recent one year since its listing, and achieved a number of global collaborations, which is transforming the company\u00a0from an R&amp;D enterprise\u00a0for self-innovative new drug to an R&amp;D and manufacturing enterprise. In 2020, Ascentage Pharma made\u00a0its first New Drug Application (NDA) and was granted priority review by China\u00a0National Medical Products Administration\u00a0(NMPA), achieving a significant milestone. During\u00a0the past six months, the company has kept\u00a0ahead in the industry, four new drugs have been granted eight Orphan Drug Designation (ODD) by the US Food and Drug Administration (FDA). In August, Ascentage Pharma was included in the Hang Seng Composite Index, the Hang Seng Hong Kong-Listed Biotech Index and the Hang Seng Healthcare Index, which have become effective in <span class=\"xn-chron\">September 2020<\/span>. Only over a year since the listing, Ascentage Pharma was included in the Hang Seng Index as well as the Hong Kong Stock Connect, fully demonstrating that its value\u00a0for\u00a0investment and the future prospect are highly recognized in the capital market.<\/p>\n<p>&#8220;As one of the first batch of the arranged Chapter 18A companies according to the new regulation, the inclusion of the company is a significant milestone and fully reflects the recognition and confidence in the company&#8217;s business and development prospects from the capital market, and will facilitate further expansion of our investor base\u00a0and enhance the liquidity of our stocks<span id=\"spanHghlt4a90\">,&#8221; <\/span>said Dr. <span class=\"xn-person\">Dajun Yang<\/span>, Chairman &amp; CEO of Ascentage Pharma. &#8220;In the future, we will adhere to the innovation strategy and continue strengthening the R&amp;D, and maintaining our leading position in the industry in order to accelerate the global clinical development of our pipelines, We will commit to Ascentage\u00a0Pharma&#8217;s mission of &#8216;addressing the unmet clinical needs in <span class=\"xn-location\">China<\/span> and around the world&#8217;, benefitting worldwide patients and return to our public shareholders and investors.&#8221;<\/p>\n<p>\n        <b><br \/>\n          <u>About Ascentage Pharma<\/u><br \/>\n        <\/b>\n      <\/p>\n<p>Ascentage Pharma (6855.HK) is a globally focused, clinical-stage biotechnology company engaged in developing novel therapies for cancers, CHB, and age-related diseases. On\u00a0October 28, 2019, Ascentage Pharma was listed on the Main Board of the Stock Exchange of Hong Kong Limited with the stock code: 6855.HK.<\/p>\n<p>Ascentage Pharma focuses on developing therapeutics that inhibit protein-protein interactions to restore apoptosis or programmed cell death. The company has built a pipeline of eight clinical drug candidates, including novel, highly potent Bcl-2, and dual Bcl-2\/Bcl-xL inhibitors, as well as candidates aimed at IAP and MDM2-p53 pathways, and next-generation tyrosine kinase inhibitors (TKIs). Ascentage Pharma is also the only company in the world with active clinical programs targeting all three known classes of key apoptosis regulators. The company is conducting more than 40 Phase I\/II clinical trials in the US,\u00a0Australia, and\u00a0China. HQP1351, the company&#8217;s core drug candidate developed for the treatment of drug-resistant chronic myeloid leukemia (CML), has been granted an Orphan Drug Designation (ODD) and a Fast Track Designation (FTD) by the US FDA, and a New Drug Application (NDA) for the drug candidate has been submitted in\u00a0China. To date, Ascentage Pharma has obtained a total of eight ODDs from the US FDA for four of the company&#8217;s investigational drug candidates.<\/p>\n<p>\n        <b><br \/>\n          <u>Forward-Looking Statements<\/u><br \/>\n        <\/b>\n      <\/p>\n<p>The forward-looking statements made in this article relate only to the events or information as of the date on which the statements are made in this article. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this article completely and with the understanding that our actual future results or performance may be materially different from what we expect. In this article, statements of, or references to, our intentions or those of any of our Directors or our Company are made as of the date of this article. Any of these intentions may alter in light of future development.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN34914&amp;sd=2020-12-30\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/ascentage-pharma-officially-included-in-shenzhen-hong-kong-stock-connect-program-301199272.html\">http:\/\/www.prnewswire.com\/news-releases\/ascentage-pharma-officially-included-in-shenzhen-hong-kong-stock-connect-program-301199272.html<\/a><\/p>\n<p>SOURCE  Ascentage Pharma<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN34914&amp;Transmission_Id=202012300518PR_NEWS_USPR_____CN34914&amp;DateId=20201230\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SUZHOU,\u00a0China\u00a0and\u00a0ROCKVILLE, Md., Dec. 30, 2020 \/PRNewswire\/ &#8212; Ascentage Pharma (6855.HK), a globally focused, clinical-stage biotechnology company engaged in developing novel therapies for cancers, chronic hepatitis B (CHB), and age-related diseases, today announced that the company was officially included into the Shenzhen-Hong Kong Stock Connect program\u00a0(the &#8220;Hong Kong Stock Connect&#8221;). This was officially announced by the Shenzhen Stock Exchange (&#8220;SZSE&#8221;) on December 25, 2020, which has been effective since December\u00a028, 2020. This inclusion is the very first arrangement for the eligible pre-revenue biotech companies listed under Chapter 18A of Hong Kong&#8217;s Main Board Listing Rules, and complied with the conditions for the inclusion in the Hong Kong Stock Connect. The Hong Kong Stock Connect is a collaboration program between &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ascentage-pharma-officially-included-in-shenzhen-hong-kong-stock-connect-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ascentage Pharma Officially Included in Shenzhen-Hong Kong Stock Connect Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-406430","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ascentage Pharma Officially Included in Shenzhen-Hong Kong Stock Connect Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ascentage-pharma-officially-included-in-shenzhen-hong-kong-stock-connect-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ascentage Pharma Officially Included in Shenzhen-Hong Kong Stock Connect Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SUZHOU,\u00a0China\u00a0and\u00a0ROCKVILLE, Md., Dec. 30, 2020 \/PRNewswire\/ &#8212; Ascentage Pharma (6855.HK), a globally focused, clinical-stage biotechnology company engaged in developing novel therapies for cancers, chronic hepatitis B (CHB), and age-related diseases, today announced that the company was officially included into the Shenzhen-Hong Kong Stock Connect program\u00a0(the &#8220;Hong Kong Stock Connect&#8221;). This was officially announced by the Shenzhen Stock Exchange (&#8220;SZSE&#8221;) on December 25, 2020, which has been effective since December\u00a028, 2020. This inclusion is the very first arrangement for the eligible pre-revenue biotech companies listed under Chapter 18A of Hong Kong&#8217;s Main Board Listing Rules, and complied with the conditions for the inclusion in the Hong Kong Stock Connect. 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This was officially announced by the Shenzhen Stock Exchange (&#8220;SZSE&#8221;) on December 25, 2020, which has been effective since December\u00a028, 2020. This inclusion is the very first arrangement for the eligible pre-revenue biotech companies listed under Chapter 18A of Hong Kong&#8217;s Main Board Listing Rules, and complied with the conditions for the inclusion in the Hong Kong Stock Connect. The Hong Kong Stock Connect is a collaboration program between &hellip; Continue reading \"Ascentage Pharma Officially Included in Shenzhen-Hong Kong Stock Connect Program\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ascentage-pharma-officially-included-in-shenzhen-hong-kong-stock-connect-program\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-30T10:22:30+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/891219\/Ascentage_Pharma_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ascentage-pharma-officially-included-in-shenzhen-hong-kong-stock-connect-program\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ascentage-pharma-officially-included-in-shenzhen-hong-kong-stock-connect-program\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Ascentage Pharma Officially Included in Shenzhen-Hong Kong Stock Connect Program","datePublished":"2020-12-30T10:22:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ascentage-pharma-officially-included-in-shenzhen-hong-kong-stock-connect-program\/"},"wordCount":913,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ascentage-pharma-officially-included-in-shenzhen-hong-kong-stock-connect-program\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/891219\/Ascentage_Pharma_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ascentage-pharma-officially-included-in-shenzhen-hong-kong-stock-connect-program\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ascentage-pharma-officially-included-in-shenzhen-hong-kong-stock-connect-program\/","name":"Ascentage Pharma Officially Included in Shenzhen-Hong Kong Stock Connect Program - 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