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速递|迎上GLP-1风口,全球第三大多肽CRDMO泰德医药港股上市募资4.29亿港元
GLP1减重宝典·2025-07-01 09:02

Core Viewpoint - The article discusses the successful listing of TIDE Pharmaceutical on the Hong Kong Stock Exchange, highlighting its market position and future growth plans in the peptide CRDMO sector. Group 1: Company Overview - TIDE Pharmaceutical was officially listed on June 30, with an H-share issue price of HKD 30.60, resulting in a total market capitalization of HKD 43.49 billion [2] - The company focuses on peptide CRDMO services and is the third-largest specialized service provider in this field globally [5] Group 2: Financial Performance - TIDE's revenue for 2022, 2023, and 2024 is projected to be HKD 351 million, HKD 337 million, and HKD 442 million respectively, with net profits of HKD 53.98 million, HKD 48.91 million, and HKD 59.17 million [7] - The company's overseas revenue is expected to grow from HKD 263 million in 2023 to HKD 348 million in 2024, marking a growth rate of 32.4% [7] Group 3: Market Position and Strategy - TIDE plans to use approximately HKD 429 million raised from the IPO to expand facilities in China and the U.S., enhance production capacity, and develop a sales network in Europe [5] - The company is currently collaborating with seven clients on nine GLP-1 new chemical entity projects, covering various stages from preclinical research to clinical trials [10] Group 4: Industry Context - The GLP-1 drug market shows significant potential, with major products like Novo Nordisk's "semaglutide" and Eli Lilly's "tirzepatide" generating annual sales of nearly USD 30 billion and USD 16.5 billion respectively [9] - TIDE's CDMO services generated revenue of HKD 330 million in 2024, accounting for 74.6% of total revenue, with the U.S. market contributing 55% of this revenue [8]