{
 "as_of": "2026-11-06",
 "cmr": "ch-cm-kg/SIX/HBMNE",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# HBM N 2. LINIE (SIX: HBMNE) — research page\n\nAs of 2026-11-06 · ch-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is HBM N 2. LINIE, listed on SIX under ticker HBMNE, ISIN CH0257717097, LEI 549300IFDFSDRT4D3076. Its security type is Corporate, and its jurisdiction is CH. Segment is not on the record, and sector is not on the record because the SIX feed returns an empty ICB industry for this line. Listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 5 filings in the twelve months to 2026-11-06, across 4 filing days, of which 2 are ad hoc, 2 are corporate news and 1 is results. The median gap between filing days is 3 days. The latest filing is a results filing dated 2026-10-23, 14 days before the record date. The exchange median cadence gap is 29.5 days across 607 issuers, the exchange median filing count is 0, and the exchange median latency is 14 days. Sector peer figures are not on the record for this market.\n\n## Auditor\n\nThe auditor of record is Ernst & Young Ltd. Its location is not on the record. Auditor changes are not on the record, as this register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag shows listed, not halted.\n\n## Orderability\n\nFor the client category Privatkundinnen und -kunden, the signal is ACM-200 and the outcome is determinable. For professionelle Kunden, the signal is ACM-200 and the outcome is determinable. For institutionelle Kunden, the signal is ACM-200 and the outcome is determinable. The rule version is acm-68000/ch/finsa-product-duties/r1, with the chapter as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's own investor-relations page, so the count is 0.\n\n## Open research\n\nThe record holds 4 openly published research notes: CIC Market Solutions on 2026-10-23, CIC Market Solutions on 2026-05-13, Baader Helvea on 2026-01-01, and Baader Helvea on 2025-07-01.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, no earliest sealed date is held for the market, and the live record began date is not on the record.\n\n## Sources\n\n12 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/549300IFDFSDRT4D3076 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.ch-cm-kg.ai/events/SIX/HBMNE (the disclosure lines)\n- https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions (the halt flag)\n- https://www.hbmhealthcare.com/sites/default/files/downloads/gb/hbm-healthcare-investments-annual-report-2025-2026.pdf (the auditor)\n- https://mcp.ch-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.hbmhealthcare.com/sites/default/files/downloads/ck-uploads/cic-market-solution-hbmn-23-october-2026_0.pdf (open research)\n- https://www.hbmhealthcare.com/sites/default/files/downloads/ck-uploads/cic-market-solution-hbmn-13-may-2026.pdf (open research)\n- https://www.hbmhealthcare.com/sites/default/files/downloads/ck-uploads/hbmn-baader-january-2026-report_0.pdf (open research)\n- https://www.hbmhealthcare.com/sites/default/files/downloads/ck-uploads/hbmn-baader-july-2025-report.pdf (open research)\n- https://mcp.ch-cm-kg.ai/record/SIX/HBMNE (the record)\n",
 "market": "CH",
 "node": "ch-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the CH vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "read_by": "read by ChatGPT (batch)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hbmhealthcare.com/sites/default/files/downloads/gb/hbm-healthcare-investments-annual-report-2025-2026.pdf",
    "state": "filled",
    "value": "Ernst & Young Ltd"
   },
   "auditor_firm_id": {
    "market": "CH",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "CH",
    "state": "not_on_record"
   },
   "changes": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "ch-cm-kg/SIX/HBMNE",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 607,
     "median_cadence_gap_days": 29.5,
     "median_filings": 0,
     "median_latency_days": 14,
     "name": "SIX"
    },
    "sector": {
     "market": "CH",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "ad_hoc": 2,
    "corporate_news": 2,
    "results": 1
   },
   "cadence_median_gap_days": 3,
   "filing_days": 4,
   "filings": 5,
   "latency_days": 14,
   "latest": [
    {
     "category": "insiderinformationen-ad-hoc-mitteilung",
     "date": "2026-10-23",
     "source": "https://www.eqs-news.com/news/insiderinformationen-ad-hoc-mitteilung/hbm-healthcare-investments-publiziert-halbjahresbericht-per-30-september-2026-mit-kennzahlen-fuer-die-ersten-sechs-monate-des-geschaeftsjahrs-2026-2027/7e28d346-e087-4991-bf14-a34f5b52fe07_de",
     "title": "HBM Healthcare Investments publiziert Halbjahresbericht ...",
     "type": "results"
    },
    {
     "category": "ad-hoc",
     "date": "2026-10-23",
     "source": "https://www.eqs-news.com/news/ad-hoc/hbm-healthcare-investments-publishes-half-year-report-as-at-30-september-2026-with-key-figures-for-the-first-six-months-of-the-2026-2027-financial-year/8da9b442-6407-42e3-be1d-0bbaa67bbb7f_en",
     "title": "HBM Healthcare Investments publishes Half-Year Report ...",
     "type": "ad_hoc"
    },
    {
     "category": "ad-hoc",
     "date": "2026-10-01",
     "source": "https://www.eqs-news.com/news/ad-hoc/hbm-healthcare-investments-posts-solid-half-year-result-expected-profit-of-chf-177-million/fa495a02-1c1f-4f97-bc2f-8d84f8adb34d_en",
     "title": "HBM Healthcare Investments posts solid half-year result – expected profit of CHF 177 million | Ad-hoc - EQS News",
     "type": "ad_hoc"
    },
    {
     "category": "corporate",
     "date": "2026-09-28",
     "source": "https://www.eqs-news.com/news/corporate/hbm-healthcare-investments-increases-its-stake-in-portfolio-company-adarx-pharmaceuticals-through-ipo/77cd6e23-5727-4696-bceb-4c1e2bcd7135_en",
     "title": "HBM Healthcare Investments Increases Its Stake in Portfolio Company ADARx Pharmaceuticals Through IPO | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-09-27",
     "source": "https://www.eqs-news.com/news/corporate/hbm-healthcare-investments-erhoeht-beteiligung-an-der-portfoliogesellschaft-adarx-pharmaceuticals-im-rahmen-des-boersengangs/77cd6e23-5727-4696-bceb-4c1e2bcd7135_de",
     "title": "HBM Healthcare Investments erhöht Beteiligung an der ...",
     "type": "corporate_news"
    }
   ],
   "latest_filing_date": "2026-10-23",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.ch-cm-kg.ai/events/SIX/HBMNE",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "SIX"
   },
   "isin": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "confirmed",
    "value": "CH0257717097"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/549300IFDFSDRT4D3076",
    "state": "sourced",
    "value": "CH"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN CH0257717097)",
    "state": "sourced",
    "value": "549300IFDFSDRT4D3076"
   },
   "name": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "HBM N 2. LINIE"
   },
   "sector": {
    "market": "CH",
    "reason": "the SIX feed returns an empty ICB industry for this line",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "CH",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "HBMNE"
   },
   "website": {
    "market": "CH",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "CH",
  "node": "ch-cm-kg",
  "numbers_hash": "sha256:a4f3bc7a09a092d4f45060932f46c335bb7c475d5b3159a96d90a3667eb79526",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2026-10-23",
     "kind": "issuer-sponsored",
     "publisher": "CIC Market Solutions",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.hbmhealthcare.com/sites/default/files/downloads/ck-uploads/cic-market-solution-hbmn-23-october-2026_0.pdf",
     "state": "sourced",
     "title": "HBM Healthcare Investments (Buy) A strong result for H1-27, as expected"
    },
    {
     "date": "2026-05-13",
     "kind": "issuer-sponsored",
     "publisher": "CIC Market Solutions",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.hbmhealthcare.com/sites/default/files/downloads/ck-uploads/cic-market-solution-hbmn-13-may-2026.pdf",
     "state": "sourced",
     "title": "HBM Healthcare Investments (Buy) Record 2026 FY and investment capacity remains intact"
    },
    {
     "date": "2026-01-01",
     "kind": "independent",
     "publisher": "Baader Helvea",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.hbmhealthcare.com/sites/default/files/downloads/ck-uploads/hbmn-baader-january-2026-report_0.pdf",
     "state": "sourced",
     "title": "HBM Healthcare Investments"
    },
    {
     "date": "2025-07-01",
     "kind": "independent",
     "publisher": "Baader Helvea",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.hbmhealthcare.com/sites/default/files/downloads/ck-uploads/hbmn-baader-july-2025-report.pdf",
     "state": "sourced",
     "title": "HBM Healthcare Investments"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Privatkundinnen und -kunden",
    "professionelle Kunden",
    "institutionelle Kunden"
   ],
   "outcomes": {
    "Privatkundinnen und -kunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "institutionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.ch-cm-kg.ai/book/aio.json",
    "door": "https://mcp.ch-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/ch/finsa-product-duties/r1",
   "section": "ch.aio.v8"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.ch-cm-kg.ai/record/SIX/HBMNE",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:a4f3bc7a09a092d4f45060932f46c335bb7c475d5b3159a96d90a3667eb79526",
 "path": "/ch/SIX/HBMNE",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is HBM N 2. LINIE, listed on SIX under ticker HBMNE, ISIN CH0257717097, LEI 549300IFDFSDRT4D3076. Its security type is Corporate, and its jurisdiction is CH. Segment is not on the record, and sector is not on the record because the SIX feed returns an empty ICB industry for this line. Listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 5 filings in the twelve months to 2026-11-06, across 4 filing days, of which 2 are ad hoc, 2 are corporate news and 1 is results. The median gap between filing days is 3 days. The latest filing is a results filing dated 2026-10-23, 14 days before the record date. The exchange median cadence gap is 29.5 days across 607 issuers, the exchange median filing count is 0, and the exchange median latency is 14 days. Sector peer figures are not on the record for this market.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is Ernst & Young Ltd. Its location is not on the record. Auditor changes are not on the record, as this register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For the client category Privatkundinnen und -kunden, the signal is ACM-200 and the outcome is determinable. For professionelle Kunden, the signal is ACM-200 and the outcome is determinable. For institutionelle Kunden, the signal is ACM-200 and the outcome is determinable. The rule version is acm-68000/ch/finsa-product-duties/r1, with the chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's own investor-relations page, so the count is 0.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 4 openly published research notes: CIC Market Solutions on 2026-10-23, CIC Market Solutions on 2026-05-13, Baader Helvea on 2026-01-01, and Baader Helvea on 2025-07-01.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, no earliest sealed date is held for the market, and the live record began date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "12 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/549300IFDFSDRT4D3076"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.ch-cm-kg.ai/events/SIX/HBMNE"
  },
  {
   "for": "the halt flag",
   "source": "https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions"
  },
  {
   "for": "the auditor",
   "source": "https://www.hbmhealthcare.com/sites/default/files/downloads/gb/hbm-healthcare-investments-annual-report-2025-2026.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.ch-cm-kg.ai/book/aio.json"
  },
  {
   "for": "open research",
   "source": "https://www.hbmhealthcare.com/sites/default/files/downloads/ck-uploads/cic-market-solution-hbmn-23-october-2026_0.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.hbmhealthcare.com/sites/default/files/downloads/ck-uploads/cic-market-solution-hbmn-13-may-2026.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.hbmhealthcare.com/sites/default/files/downloads/ck-uploads/hbmn-baader-january-2026-report_0.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.hbmhealthcare.com/sites/default/files/downloads/ck-uploads/hbmn-baader-july-2025-report.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.ch-cm-kg.ai/record/SIX/HBMNE"
  }
 ],
 "title": "HBM N 2. LINIE (HBMNE) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}