bullish
SanBio Co Ltd (4592 JP): Conditional Approval for First Drug; Still a Long Way to Go
575 Views20 Sep 2024 17:21
SUMMARY
- SanBio Co Ltd (4592 JP) received conditional and time-limited marketing approval for Akuugo suspension for intracranial implantation in Japan, for improving chronic motor paralysis resulting from traumatic brain injury.
- The company will run two or so rounds of commercial production to accumulate inventories in preparation for launch. The earliest possible timing for shipment is assumed to be Q1FY26.
- SanBio has a cash runway through H1FY26. However, operating expenses will decrease and Akuugo will start generating revenue by H1FY26, thereby providing some more cushion to cash runway.
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Rising
Tina Banerjee
Global Healthcare Analyst
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- SanBio (4592 JP): Better-Than-Expected Operating Loss in FY23; Product Approval Expected in FY2417 Mar 2023
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- SanBio (4592 JP): Marketing Approval of First Product Expected This Year in Japan15 Apr 2022
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