Core Viewpoint - As of July 28, 2023, AAPG's stock price increased by 5.26%, reaching $39.79 per share, with a total market capitalization of $3.699 billion. The company reported a total revenue of 981 million RMB for the year ending December 31, 2024, reflecting a year-on-year growth of 341.77%, while the net profit attributable to shareholders was -405 million RMB, showing a year-on-year increase of 56.2% [1][2]. Company Overview - AAPG is a biopharmaceutical company based in China, focusing on developing innovative drugs for cancer, hepatitis B, and age-related diseases. The company was listed on the Hong Kong Stock Exchange on October 28, 2019, under the stock code 6855.HK [2]. - AAPG has developed a proprietary drug design platform targeting protein-protein interactions and is at the forefront of new drug development in the apoptosis pathway. The company has established a pipeline of nine Class 1 small molecule new drugs in clinical development, including inhibitors targeting key proteins in the apoptosis pathway [2]. - The company is conducting over 40 clinical trials across China, the United States, Australia, and Europe. Its core product, Orebatinib (brand name: Nairike), has received priority review and breakthrough therapy designation from the China National Medical Products Administration and has been approved for sale in China [2]. Regulatory and Market Position - Orebatinib has been included in the National Basic Medical Insurance, Work Injury Insurance, and Maternity Insurance Drug List (2022) in China. The product has also received fast track designation, orphan drug designation from the FDA, and orphan drug designation from the EU [2]. - AAPG has four investigational new drugs that have received 16 FDA orphan drug designations, two FDA fast track designations, and two FDA rare pediatric disease designations [2]. Research and Development - The company has undertaken several national major science and technology projects, including five projects under the "Major New Drug Creation" initiative and one project for "Major Infectious Disease Prevention and Control" [2]. - AAPG has established a global intellectual property layout and formed collaborations with leading biotech and pharmaceutical companies and academic institutions, including UNITY, MD Anderson, Mayo Clinic, Dana-Farber Cancer Institute, Merck, AstraZeneca, and Pfizer [2]. - The company is building a high-standard commercialization and marketing team while continuously enhancing its R&D capabilities to accelerate the clinical development of its product pipeline [2].
亚盛医药上涨5.26%，报39.79美元/股，总市值36.99亿美元