BRIEF: PegBio slumps in Hong Kong trading debut

Shares of biopharmaceutical company PegBio Co. Ltd. (2565.HK) slumped in their Hong Kong trading debut on Tuesday. The stock opened at HK$13, down 6.67% from its IPO price of HK$15.60,…

BRIEF: Hutchmed profit falls on shrinking R&D income

Hutchmed (China) Ltd. (HCM.US; 0013.HK; HCM.L), a biopharmaceutical company controlled by CK Hutchison Holdings (0001.HK), said its revenue fell 24.8% last year to $630 million, according to its annual results…