The competition is fierce! Musk once said that "Tirzepatide", which is more effective than semaglutide, will be launched in China. Who will dominate the weight loss drug market in 2025?
① Today, Eli Lilly and Co announced the official launch of tirzepatide in China, covering both type 2 diabetes and weight loss, and it is already available on some online platforms; ② Musk has claimed that tirzepatide is better than semaglutide, while the market is more focused on the pricing of tirzepatide and whether it will be included in medical insurance; ③ The competition in the GLP-1 sector will become even more intense in 2025, with Jiangsu Hengrui Pharmaceuticals, INNOVENT BIO, and Gan & Lee Pharmaceuticals receiving widespread attention.
At the end of the year, Jiangsu Hengrui Pharmaceuticals has made another achievement in business development, with an ADC new drug receiving a first payment of 75 million USD | Quick read of the announcement.
① This evening, Jiangsu Hengrui Pharmaceuticals announced that the overseas rights for the DLL3 ADC innovative drug SHR-4849 have been granted to USA's IDEAYA Biosciences, resulting in a payment of 75 million USD as an upfront fee; ② Jiangsu Hengrui Pharmaceuticals is accelerating its international development. Previously, Sun Piaoyang stated: going abroad is a path we must take, and how to do it steadily and successfully is a question we continue to explore.
Overseas income sharply decreased, impacting performance, and the funding projects of Otaibio have been delayed.
① Due to the impact of international situations, economic policies, and fluctuations in the overall market, the fundraising projects of Aotai Biological aimed at expanding overseas markets will be delayed. ② Overseas revenue has always been the most core source of income for Aotai Biological, with the overall income proportion once reaching 99.83%, and the sharp decline in overseas revenue has also led to a significant drop in Aotai Biological's overall income.
Still not profitable yet involved in multiple patent lawsuits, Yifang Bio claims that it is not involved in the research pipeline.
① Yifang Biotechnology and its controlling person are involved in a patent infringement lawsuit, being asked to pay 99 million yuan. Yifang Biotechnology's revenue for the first three quarters of 2024 is less than 20 million yuan, and it has not yet achieved profitability; ② Company personnel stated that the lawsuit targets some patents related to Yifang Biotechnology's intellectual property and does not involve the research pipeline.
The Aimee vaccine / Baked Biological Type II Herpes Simplex Virus mRNA vaccine has been approved for clinical trials.
Jiangsu Hengrui Pharmaceuticals plans to list in Hong Kong! The hundred billion yuan pharmaceutical company ranks first among heavyweight in fund stocks in the A-share pharmaceutical sector.
On December 9, Jiangsu Hengrui Pharmaceuticals Co., Ltd. announced that, after the approval of the board of directors, in order to further assist the company's international business development, the company plans to issue shares (listed in hong kong) overseas and list on the main board of the Hong Kong Stock Exchange.