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Express News | Star closing review: The Military Industry Sector once again strengthened while the Innovative Drugs Sector collectively declined.
A-shares fluctuation: Staidson down 7%, Sichuan Kelun Pharmaceutical down over 4%, Trump announced a reduction of drug prices in the USA by 30%-80%.
On May 12, according to Glonghui, Pharmaceutical stocks in the A-share market plummeted across the board, with Staidson down 7%, Shenzhen Salubris Pharmaceuticals down over 6%, Baillie Tianheng and Zexing Pharmaceutical down over 5%, Sichuan Kelun Pharmaceutical down over 4%, and Jiangsu Hengrui Pharmaceuticals and Beijing Aosaikang Pharmaceutical down over 3%. In news, USA President Trump announced on social media on Sunday night local time that he will sign an executive order at 9 AM tomorrow (9 PM Beijing time) at the White House. Prescription drug and pharmaceutical prices will almost immediately drop by 30% to 80%, and the USA will purchase pharmaceuticals at the lowest prices globally.
Express News | The Innovative Drugs Concept has experienced a collective drop, with BEIGENE falling over 8%.
Express News | Chairman of Bailitianheng, Zhu Yi, donated 30 million yuan to Fudan University to support the needs of faculty development for the discovery of targets for Innovative Drugs.
Baili Tianheng: Sichuan Baili Tianheng Pharmaceutical Co., Ltd. Report for the first quarter of 2025
Sichuan Baili Tianheng Pharmaceutical Co., Ltd. Report for the first quarter of 2025