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China's Abbisko climbs as US FDA approves oncology drug

By Reuters News05:45 (UTC), 11 November 2026 Updated

** Shares of Chinese oncology therapies developer Abbisko Medicine 2256.HK climb 6.6% to HK$6.74, on track for their biggest one-day pct gain since November 5

** Company says its unit Abbisko Therapeutics has announced that US FDA has approved PIMJETMI, or pimicotinib, as a systemic treatment for adults with symptomatic tenosynovial giant cell tumour

** Group cannot guarantee that PIMJETMI will ultimately be successfully commercialized outside of the regions in which it has already been commercialized - company

** YTD, stock down 49.9%, while Hang Seng Biotech Index .HSBIO up 5.4%

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