PharmaFocus Today – Page 4 – media

$18.5 billion in unfinished orders in 2024, convertible into $3.7 billion within three years

WuXi Biologics (02269), the world’s leading biopharmaceutical CDMO, handed in its 2024 report. The 2024 financial report shows that the company achieved annual revenue of 18.675 billion yuan, a year-on-year increase of 9.6%; net profit of 3.945 billion yuan, a year-on-year increase of 10.5%. After excluding COVID-19-related revenue, WuXi Biologics’ non-COVID-19 business achieved a year-on-year growth of 13.1%, showing the resilience of its fundamentals. It is worth noting that preclinical research service revenue increased by 30.7% year-on-year, accounting for 37.8% of total revenue, becoming the main force driving growth. In terms of regional revenue, North American market revenue increased by 32.5% year-on-year, contributing 57.3% of total revenue. But the other side of the coin is that the revenue in China fell by 9.6%, exposing the continued impact of the cold winter of local biotech financing. In 2024, WuXi Biologics’ gross profit margin increased by 0.9 percentage points year-on-year to 41%, ...
- Source: drugdu
- 54
- March 28, 2025
CanSino Biologics lost 379 million yuan last year and made a profit only one year after its listing

On the evening of March 25, CanSino Biologics released its 2024 annual report. The company achieved operating income of 846 million yuan for the whole year, an increase of 137.01% year-on-year; the net loss attributable to the parent company’s owners was 379 million yuan, and the loss narrowed by 74.45% year-on-year. Since its listing, CanSino Biologics, which has been losing money continuously, turned losses into profits in 2021 with the help of the new crown vaccine. As the competition for the new crown vaccine intensified and demand slowed down, it fell into losses again in the second year. Until 2024, CanSino Biologics has been losing money for three consecutive years. Increase in revenue from meningococcal vaccines The operating income in 2024 increased significantly, mainly due to the impact of the estimated return of the new crown vaccine in the same period of 2023, which reduced the operating income by 253 ...
- Source: drugdu
- 51
- March 28, 2025
Net profit attributable to parent company exceeds 2 billion for the first time. How did Livzon Group achieve “centralized procurement and immunity”?

The revenue scale of 11.812 billion yuan and the net profit level of 2.061 billion yuan were the operating results of Livzon Group on March 26 last year. This is also the first time since 2018 that the company’s net profit attributable to parent company has exceeded the integer mark of 2 billion yuan. In recent years, the overall performance of the pharmaceutical industry has been under pressure. The chemical preparation field of Livzon Group has also been affected by policies such as medical insurance negotiations and centralized procurement, including the sales revenue of key products such as ilaprazole sodium for injection and voriconazole for injection. However, as an innovative comprehensive pharmaceutical company, the company has maintained stable performance and operational resilience. According to the company’s 2024 annual report, the optimization of revenue structure, the continuous advancement of strong research and development, the continuous enrichment of product clusters, and the ...
- Source: drugdu
- 51
- March 28, 2025
Although the flagship product sold over 700 million, Everest suffered a loss of over 300 million due to the COVID-19 vaccine. This year, it will expand the sales team of kidney disease targeted drugs

Everest-B (01952.HK) achieved its sales target as planned. According to the annual performance announcement released on March 26, in 2024, Everest recorded revenue of 706.7 million yuan, a year-on-year increase of 461%; the loss during the year was 1.0414 billion yuan, compared with a loss of 844.5 million yuan in the same period last year, and the loss increased year-on-year. According to the announcement, Everest’s performance growth was mainly due to the sales of two commercial products, and the increase in losses was mainly due to the one-time, non-recurring impairment loss of intangible assets related to the mRNA COVID-19 vaccine in the first half of 2024. As of the end of 2024, Everest recognized the full impairment loss of US$50 million (equivalent to RMB 356.3 million) for the mRNA COVID-19 vaccine because it could not recover any economic benefits. Regarding the performance in 2024 and subsequent development, Luo Yongqing, CEO ...
- Source: drugdu
- 45
- March 28, 2025
A medical device is scheduled for priority approval

According to the China Medical Device Innovation and Priority Approval Database, one innovative medical device has entered the special review process in a public announcement released by local drug regulatory authorities nationwide: the strong pulse light therapy device of Dayue Innovation (Suzhou) Medical Technology Co., Ltd. (hereinafter referred to as Dayue Medical). Domestic brands are catching up Intense pulsed light (IPL), also known as pulsed light, is one of the most widely used phototherapy techniques in clinical practice and plays a very important role in the field of skin beauty. Its wavelength is mostly between 500-1200nm. At present, IPL is widely used in the treatment of various skin diseases, especially those related to photodamage and photoaging, namely the classic Type I and Type II skin rejuvenation. According to research, the theoretical basis for using strong pulsed light for skin treatment is mainly based on the principle of selective photothermal action. ...
- Source: drugdu
- 48
- March 27, 2025
481 models! 2024 FDA orphan drug certification explosion! China ranks second

According to the official website of the FDA, a total of 481 drugs obtained FDA orphan drug certification in 2024. Previously, the highest value of this number was 477. In fact, compared to over a decade ago, the number of drugs that have received FDA ODD has doubled in recent years. According to statistics, the total number of FDA ODDs since 1983 has been 7306. Among them, the number of drugs that have obtained FDA ODD has exceeded 100 since 2004 and has been increasing year by year since then. By 2017, the number of drugs that received FDA ODD had skyrocketed to 477. Between 2019 and 2023, the overall number of FDA ODDs obtained remained between 335 and 475. The number of drugs that have obtained FDA ODD in 2024 has broken through from the previous 2017 data, reaching 481. According to the latest data, although it has only ...
- Source: drugdu
- 49
- March 27, 2025
Zhifei Bio invested 593 million yuan to acquire Chen’an Bio and enter the field of metabolic disease medicine

Recently, Zhifei Bio announced that in order to deepen the company’s self-developed technology and product layout in biopharmaceuticals and create the goal of “a world-class biopharmaceutical company”, the company signed a capital increase and share expansion agreement with Chongqing Chen’an Biopharmaceutical Co., Ltd. (referred to as “Chen’an Bio”), Chongqing Zhirui Investment Co., Ltd. (referred to as “Zhirui Investment”), and Zhanggaoxia on March 21, and will increase the capital of Chen’an Bio by approximately 593 million yuan in cash and acquire 51% of its equity. After the completion of this capital increase, Chen’an Bio will become a holding subsidiary of the company. 593 million yuan to acquire 51% equity This capital increase is based on the valuation results in the “Appraisal Report” issued by an asset appraisal agency with securities and futures business qualifications. It is determined through negotiation that the value of 100% equity of Chen’an Bio before this capital ...
- Source: drugdu
- 62
- March 27, 2025
Minsheng Health obtains drug registration certificate for Minoxidil Lotion

On March 24, Minsheng Health issued an announcement that the company recently received a drug registration certificate for Minoxidil Lotion approved and issued by the State Drug Administration. The drug includes two specifications: 2% (60 ml: 1.2 g) and 5% (60 ml: 3.0 g), which belongs to Class 3 chemical drugs. The registration standard number is YBH04342025. The drug is valid for 24 months and the approval number is valid until March 17, 2030. The drug registration certificate obtained this time will help the company enrich its product categories and enhance its market competitiveness. Minoxidil Lotion is an over-the-counter drug for dermatology, mainly used to treat male pattern baldness and alopecia areata, and has certain market potential. However, the pharmaceutical sales business also faces uncertainties such as changes in domestic pharmaceutical industry policies and market competition, and investors need to remain rational. https://finance.eastmoney.com/a/202503243354324122.html
- Source: drugdu
- 41
- March 27, 2025
Gadoteric Acid Glucoamine Injection Obtains Drug Registration Certificate

On March 25, China Resources Double Crane announced that the company had received the Drug Registration Certificate for Gadoteric Acid Glucoamine Injection issued by the State Drug Administration. The drug is suitable for MRI examinations of diseases such as brain and spinal cord lesions and spinal lesions. The company started the research and development of generic drugs for the drug in May 2022, submitted an application for marketing authorization on June 15, 2023, and was approved for listing on March 18, 2025. As of the announcement date, the company’s cumulative R&D investment in the drug was RMB 8.0652 million. In 2023, the total sales of Gadoteric Acid Glucoamine Injection in the domestic medical market and retail market were RMB 590 million, of which Jiangsu Hengrui Medicine had a market share of 89.46% and France Guerbet had a market share of 10.54%. https://finance.eastmoney.com/a/202503253355613226.html
- Source: drugdu
- 41
- March 27, 2025
The vaccine leader invested nearly 600 million yuan to increase its investment in the pneumococcal track. The real-time transaction volume of the Hong Kong Stock Innovative Drug ETF (159567) was nearly 100 million yuan.

As of 10:09 on March 25, 2025, the performance of the CSI Hong Kong Stock Connect Innovative Drug Index is worth noting. The constituent stocks rose and fell, with Conoya-B (02162) leading the rise of 6.45%, Rongchang Bio (09995) rising 5.40%, and Immune Onco-B (01541) rising 5.37%. The latest quotation of the Hong Kong Stock Innovative Drug ETF (159567) is 1.15 yuan, with an intraday transaction volume of nearly 100 million yuan and a turnover rate of over 17%. Minsheng Securities said that it actively pays attention to the subdivision direction of AI medical care + early tumor screening, which has a large market space and high barriers. The continuous upgrading of AI technology is expected to optimize detection performance and achieve application breakthroughs. The commercialization of early cancer screening products overseas has achieved initial results. Domestic attention is paid to the upstream domestic substitution and mid- and downstream application ...
- Source: drugdu
- 49
- March 27, 2025

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