bullish
Oneness Biotech (4743 TT): Marketing Progress of Fespixon in China Opens a New Revenue Stream
319 Views23 Jul 2024 09:30
SUMMARY
- Oneness Biotech (4743 TT) entered into an exclusive agreement with China Resources Dubl Crne Phrmctl (600062 CH) for commercialization of Fespixon in China, Hong Kong, and Macau.
- Fespixon is approved in China as the first new drug for diabetic foot ulcer. Inclusion of the drug in NRDL is the next important milestone.
- During 1H24, Oneness Biotech reported revenue of NT$57M, up 36% YoY. With expanding scale of operation, gross profit margin is improving (1Q24: 62.5% vs. 1Q23: 47.9%). Net loss is decreasing.
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Tina Banerjee
Global Healthcare Analyst
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