Sino Biopharmaceutical rises most in nearly 5 weeks on LaNova deal
** Sino Biopharmaceutical 1177.HK rises 4.3% to HK$3.41; set for biggest one-day pct gain since Oct. 18
** Co buys 4.91% stake in LaNova Medicines for 142 mln yuan ($19.6 mln), enters into agreement for LM-108, a monoclonal antibody for various solid tumour treatment currently at Phase II clinical stage, in Mainland China region
** Says further cooperations with LaNova for various innovative bispecific antibody and antibody-drug conjugates in its pipelines
** Hong Kong's healthcare index .HSCIH up 2.9%
** Stock down 5.8% YTD
($1 = 7.2418 Chinese yuan renminbi)
Reporting by Donny Kwok
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