CS2009 Achieved Key Clinical Validations for Efficacy and Safety

As of August 2026, updated data further confirmed the favorable safety profile of CS2009 and demonstrated strengthened efficacy across multiple key cohorts compared with the data presented at ASCO in May 2026. With expanded patient enrollment and longer follow-up, improvements were observed in both the objective response rate (ORR) and duration of response (DOR):

Compelling monotherapy efficacy in first-line non-small cell lung cancer (NSCLC)

• At the 30 mg/kg dose level, CS2009 achieved an ORR of 100% and a disease control rate (DCR) of 100% in patients with PD-L1 TPS ≥50%. In the broader PD‑L1 TPS ≥1% population, the ORR was 70.8% and DCR was 91.7%.

Monotherapy efficacy in Immunotherapy (IO)-pretreated NSCLC and IO-nonresponsive "cold tumors" further validates CTLA-4 activity and efficacy.

• In second-line NSCLC patients (all previously treated with IO plus chemotherapy), CS2009 monotherapy (30 mg/kg dose level) yielded an ORR of 38.5% and a DCR of 84.6%;
• In patients with heavily pretreated metastatic colorectal cancer (mCRC), CS2009 monotherapy (30 mg/kg dose level) achieved an ORR of 20% and a DCR of 93.3%;
• In patients with heavily pretreated soft tissue sarcoma (STS) and non-clear cell renal cell carcinoma (nccRCC), CS2009 monotherapy delivered ORR of 38.5% and 42.9%, respectively.

CStone will present additional more mature Phase I/II clinical data for CS2009 in patients with advanced NSCLC and mCRC via two rapid oral presentations at ESMO 2026 in October. The Company also expects to reach consensus with global regulatory authorities including the U.S. Food and Drug Administration (FDA) and the Center for Drug Evaluation (CDE) of China National Medical Products Administration (NMPA), on the global Phase III registrational trial protocol in the fourth quarter of 2026.

Pralsetinib Delivers Strong Sales Growth

Following its effective inclusion in the National Reimbursement Drug List (NRDL) on January 1, 2026, pralsetinib's in-market sales volume increased by almost 500% year-over-year in the seven‑month period ending July 2026.

Solid Cash Position

As of June 30, 2026, cash and cash equivalents and time deposits totaled RMB1,560.2 million.

SUZHOU, China, Aug. 31, 2026 /PRNewswire/ -- CStone Pharmaceuticals ("CStone," HKEX: 2616), an innovation-driven biopharmaceutical company focused on the research and development of therapies for oncology, immunology, inflammation, and other key disease areas, today announced its 2026 interim results and recent business highlights.

Dr. Jason Yang, CEO, President of R&D, and Executive Director at CStone, commented, "In the first half of 2026, CStone entered a pivotal stage of transition from innovation-driven accumulation to global value realization.

Our lead asset, CS2009, continues to advance rapidly through global clinical development. To date, we have accumulated clinical data from more than 300 patients, consistently demonstrating three key clinical validations: first, proof of safety; second, multidimensional confirmation of CTLA‑4 target activity and efficacy, evidenced by pharmacodynamic biomarkers and clinical activity in "cold tumors" and IO‑pretreated NSCLC; and third, broad‑spectrum and highly competitive antitumor efficacy across multiple tumor types. The most recent data show that CS2009's antitumor activity continues to deepen and strengthen with longer follow-up, exhibiting particularly competitive efficacy and a well-tolerated safety profile in key patient populations, including NSCLC and mCRC. These robust data provide strong support for the upcoming global Phase III registrational trials. We look forward to presenting additional more mature clinical data on CS2009 in oral presentations at the ESMO Congress this October.

Beyond CS2009, other Pipeline 2.0 candidates are also progressing steadily toward clinical stage. CS5007, built on our proprietary ADC platform, has initiated a global Phase I clinical trial in both China and Australia. In addition, more than ten early-stage programs spanning next-generation ADCs, immunology & inflammation and other areas are advancing smoothly. The successive entry of these differentiated innovative assets into clinical development will serve as a critical driver for the Company's sustained growth and global expansion.

On the commercial front, our three key products, sugemalimab, pralsetinib, and avapritinib, continued to achieve breakthroughs across domestic and international markets, contributing significant momentum to revenue growth. Notably, following pralsetinib's first-time inclusion in the NRDL earlier this year, its in-market sales volume increased by almost 500% year-over-year during the first seven months of 2026, making it the primary driver of the Company's revenue growth in the first half of 2026.

Looking ahead, CStone will focus on advancing the clinical value of its Pipeline 2.0 assets and actively pursue global partnerships to accelerate their development. Concurrently, the Company will continue to maximize the commercial potential of its marketed products through strategic partnerships and resource integration. Our goal is to foster a sustainable growth model where R&D and commercialization reinforce each other, creating a virtuous cycle between innovation and business operations."

Clinical Stage Core Asset

CS2009, PD-1/VEGF/CTLA-4 trispecific antibody

-  Accelerating global clinical development toward Phase III registrational trials by year end

The ongoing global Phase I/II trial has enrolled more than 300 patients across China and Australia, with U.S. Investigational New Drug (IND) clearance obtained in February 2026.

CStone plans to initiate the first wave of global Phase III multi-regional clinical trials (MRCTs) for CS2009 by the end of 2026. Planned registrational studies include first-line non-small cell lung cancer (NSCLC) in combination with chemotherapy (versus pembrolizumab plus chemotherapy), and first-line mCRC in combination with chemotherapy (versus bevacizumab plus chemotherapy), with additional registrational studies planned for 2027 and following years.

-  CS2009 validates its potential as a next-generation I/O backbone

At the 2026 American Society of Clinical Oncology (ASCO) Annual Meeting, CStone presented comprehensive Phase I/II data from the ongoing global multicenter trial. As of the data cutoff date of August 2026, updated monotherapy efficacy data from the ongoing global Phase I/II trial of CS2009, reflecting a longer follow-up and larger sample size than the ASCO 2026 presentation continued to demonstrate robust and deepening antitumor activity across multiple tumor types. Three important key clinical validations are achieved from over 300 patient data:

• Proof of safety

Across all dose levels, no dose-limiting toxicities (DLTs) were observed, and the maximum tolerated dose (MTD) was not reached. In the ASCO 2026, the incidence of Grade ­3 treatment-related adverse events (TRAEs) and immune-related adverse events (irAEs) were 24.6% and 12.7%, respectively. Notably, the incidence of Grade ­3 VEGF-related TRAEs was only 5.1%. No excessive toxicities typically associated with CTLA-4/PD-(L)1 combinations were observed. As of August 2026, the safety profile of CS2009 remained consistent with that presented at the 2026 ASCO Annual Meeting, with no new safety signals identified.

• Proof of CTLA-4 activities and efficacy

Dose-dependent upregulation of ICOS on CD4+ T cells was observed as a pharmacodynamic biomarker of CTLA-4 blockade. Activity was also seen in "cold tumor" not sensitive to PD-(L)1 mAb:

• • Later-line monotherapy for mCRC (30 mg/kg): the objective response rate (ORR) was 20.0% (3/15) and the disease control rate (DCR) was 93.3% (14/15).
  • Later-line monotherapy for soft-tissue sarcoma (STS): the ORR was 38.5% (5/13) and the DCR was 69.2% (9/13). Later-line monotherapy for non-clear cell renal cell carcinoma (nccRCC): the ORR was 42.9% (3/7) and the DCR was 100.0% (7/7).
  • Promising anti-tumor activity in later-line post immuno-oncology (IO) NSCLC monotherapy: ORR was 23.8% (5/21), DCR was 61.9% (13/21). Among patients who had previously received immunotherapy plus platinum-based chemotherapy (n=13), ORR was 38.5% (5/13) and DCR was 84.6% (11/13).

• Proof of broad efficacy

Monotherapy and chemo-combination activity in first-line and later-line NSCLC:

• • First-line NSCLC monotherapy (PD-L1 tumor proportion score [TPS]­ ≥1%; enrollment completed): ORR of 61.7% (29/47) and DCR of 93.6% (44/47), including ORR of 70.8% (17/24), DCR 91.7% (22/24) in patients treated at 30 mg/kg; in the PD-L1 TPS ≥­50% group (n=24), ORR was 83.3% (20/24) and DCR was 95.8% (23/24) (versus ORR of 81.3% [13/16] at the 2026 ASCO cutoff), including ORR of 100.0% (11/11) and DCR of 100.0% (11/11) in patients treated at 30 mg/kg. After median follow up of 6 months, median progression-free survival (PFS) and DOR have not been reached.
  • Second-line or later NSCLC monotherapy (30 mg/kg): ORR of 28.0% (7/25) and DCR of 60.0% (15/25), with a 6-month DOR rate of 83.3% (versus ORR of 24.0% and a 6-month DOR rate of 80.0% at the 2026 ASCO cutoff). Across all evaluated dose levels (n=54), ORR was 16.7% (9/54) and DCR was 68.5% (37/54), with a 6-month DOR rate of 87.5% (versus 85.7% at the 2026 ASCO cutoff).
  • Later-line NSCLC (second/third-line combination therapy, n=6): ORR of 66.7% (4/6), DCR of 100.0% (6/6). Data are as of the 2026 ASCO data cutoff and will be updated at ESMO 2026.
  • First-line squamous NSCLC combination therapy (PD-L1-low/negative, TPS ≤5%, n=8): ORR of 75.0% (6/8), DCR of 100.0% (8/8); notably, the ORR reached 100.0% (4/4) in the PD-L1-negative subgroup. Data are as of the ASCO 2026 data cutoff and will be updated at ESMO 2026.

Robust Chemo-combo efficacy in the first-line mCRC, mostly proficient mismatch repair or microsatellite stable (pMMR/MSS):

• • First-line mCRC (with XELOX, n=6): ORR of 66.7% (4/6), DCR of 100.0% (6/6). Data as of 2026 ASCO cutoff, will be updated at ESMO 2026.

Promising monotherapy activity observed in metastatic castration-resistant prostate cancer (mCRPC), ovarian cancer, triple-negative breast cancer, gastric cancer, esophageal cancer, as well as STS and nccRCC.

-  Upcoming two oral presentations of CS2009 at ESMO 2026

The clinical research results of CS2009 have been accepted for two Rapid Oral presentations at the 2026 European Society for Medical Oncology (ESMO) Congress. The presentations will feature Phase I/II clinical data of CS2009 in patients with advanced NSCLC and mCRC.

Other Clinical Stage Asset

CS5007, EGFR/HER3 ADC

-  Global Phase I trial initiated in China and Australia

The Company initiated the Phase I first-in-human study in June 2026. This trial consists of dose-escalation and dose-expansion cohorts evaluating CS5007 as a monotherapy in patients with advanced solid tumors, and will be conducted concurrently in Australia and China. CStone presented preclinical data for CS5007 at the 2026 American Association for Cancer Research (AACR) Annual Meeting, further supporting its broad-spectrum anti-tumor potential.

Preclinical/IND-enabling Stage Programs

A balanced, differentiated early-stage portfolio spanning oncology and immunology/inflammation

CStone's preclinical Pipeline 2.0 comprises innovative candidates across multispecific

antibodies, ADCs and other next-generation modalities, with potential first FIC or BIC opportunities spanning oncology, immunology, inflammation and other high-value therapeutic areas.

The Company's proprietary ADC platform incorporates optimized linker technologies designed to enable tumor-selective payload release and supports multiple Pipeline 2.0 ADC candidates, including CS5007 (EGFR and HER3 bispecific ADC), CS5006 (ITGB4 ADC), CS5008 (DLL3 and SSTR2 bispecific ADC), etc. The Company is also exploring next-generation ADC technologies, including dual-payload ADCs (e.g., CS5009, a B7H3/PD-L1 bispecific dual-payload ADC, and CS5010, a HER2-targeting dual-payload ADC) and novel-payload ADCs (e.g., CS5012, a HER2-targeting novel-payload ADC). In April 2026, CStone presented preclinical data for CS5007, CS5006 and CS5008 at the 2026 AACR Annual Meeting, highlighting the breadth and differentiation of its next-generation ADC pipeline.

Beyond oncology, CStone has expanded Pipeline 2.0 into immunology and inflammation by leveraging its proprietary multispecific antibody platform. The Company has developed CS2015 (OX40L/TSLP bispecific antibody) targeting Type 2 inflammatory diseases, CS2013 (BAFF/APRIL bispecific antibody) targeting B cell-mediated autoimmune diseases, CS2016 (TL1A/α4β7 bispecific antibody), and CS1016 (PD-1 agonist antibody).

Future and Outlook

Our mission is to deliver transformative therapies through scientific excellence and technological innovation, making high-quality treatments accessible worldwide to benefit patients and their families.

We reaffirm our commitment to advancing a robust and differentiated pipeline by prioritizing internal discovery capabilities and sustained R&D investments, while executing strategic partnerships to unlock the global value of our in-market products. Key catalysts for the second half of 2026 include:

Clinical milestones

• Accelerate global development of CS2009 by advancing interactions with global regulatory authorities, including the U.S. FDA and the CDE of NMPA, on Phase III registrational trial design, with the first wave of global Phase III MRCTs planned to be initiated by the end of 2026, while continuing to pursue global partnerships.
• Advance clinical development of CS5007 (EGFR/HER3 bispecific ADC), CS5006 (ITGB4 ADC), CS5008 (SSTR2/DLL3 ADC) and other early-stage candidates.

Innovation and technology

• Further strengthen proprietary technology platforms, including multi-specific antibody and next-generation ADC technologies, to support sustained expansion of the preclinical pipeline.
• Present key clinical data, including updated CS2009 data, at major international scientific conferences, including two Rapid Oral presentations of CS2009 Phase I/II data at the 2026 ESMO Congress.

View original content:https://www.prnewswire.co.uk/news-releases/cstone-2026-interim-results-accelerating-pipeline-2-0-execution-and-sustained-global-commercial-momentum-302864942.html

Beim Winterthurer Textilmaschinenhersteller Rieter kommt es zu einem abrupten Führungswechsel. CEO und Verwaltungsratspräsident Thomas Oetterli gibt beide Ämter per Ende Oktober ab. An die Spitze der Geschäftsführung rückt Anfang November der Branchenkenner Daniel Lippuner, während Carl Illi mit sofortiger Wirkung das Präsidium des Verwaltungsrats übernimmt. Rieter begründet den Schritt damit, dass nach der Umsetzung zentraler strategischer Projekte nun der Zeitpunkt gekommen sei, die Verantwortung in neue Hände zu legen.

Lippuner gilt als ausgewiesener Experte für Spinnmaschinen, Garnverarbeitung und Textilkomponenten. Er leitete früher den Textilmaschinenhersteller Saurer und zuvor den Bereich Oerlikon Textile Components. Zudem ist er Verwaltungsratspräsident und Miteigentümer von Heberlein Technology und damit weiterhin eng in der Chemiefaserindustrie verankert. Illi gehört dem Rieter-Verwaltungsrat seit 2017 an und wird vom Unternehmen ebenfalls als Textilexperte charakterisiert. Er soll das Präsidium mindestens bis zur nächsten Generalversammlung führen.

Oetterli, Jahrgang 1969 und früher Chef des Lift- und Rolltreppenherstellers Schindler, war im März 2023 zu Rieter geholt worden, um den bereits damals kriselnden Maschinenbauer zu stabilisieren. Noch im selben Jahr lancierte er das Performance-Programm «Next Level», das ein massives Kostensenkungs- und Restrukturierungspaket umfasst. Der Plan sah unter anderem vor, bis 2025 rund 1400 Vollzeitstellen vorwiegend in Deutschland, der Schweiz und weiteren europäischen Ländern abzubauen und Standorte zu konsolidieren. Parallel dazu übernahm Rieter im Februar die Textilmaschinensparte Barmag von OC Oerlikon, was mit einem deutlichen Anstieg der Verschuldung einherging.

Trotz dieser einschneidenden Massnahmen blieb die erhoffte Trendwende aus. Die Amtszeit Oetterlis war von einem ausserordentlich schwachen Marktumfeld mit anhaltender Nachfrageschwäche geprägt. 2024 hatte er zusätzlich das Präsidium des Verwaltungsrats übernommen – ein Doppelmandat, das den Aktionären ursprünglich als Übergangslösung zur konsequenten Umsetzung von «Next Level» verkauft worden war. Grösster Anteilseigner bei Rieter ist der Schweizer Industrielle Peter Spuhler mit einem Anteil von 33,1 Prozent; er sitzt ebenfalls im Verwaltungsrat. Der Führungswechsel in Winterthur folgt zeitlich auf eine ebenfalls angekündigte Neubesetzung an der Spitze von Stadler Rail, einem weiteren Unternehmen, an dem Spuhler die Kontrolle hält.