Summary of the Conference Call for Maiwei Biotech Company and Industry Overview - **Company**: Maiwei Biotech - **Industry**: Biotechnology, specifically focusing on innovative drug development Key Points and Arguments 1. **Strategic Partnerships**: Maiwei Biotech has partnered with Qilu Pharmaceutical for the long-acting white blood cell enhancer, generating 500 million CNY in cash and earning sales commissions, aligning with its strategy to focus on global innovative drugs [2][3] 2. **Sales Performance**: The sales of Dexamethasone (You Song) reached 139 million CNY in 2023, marking a year-on-year increase of over 230%, leading in both hospital and outpatient market shares [2][3] 3. **International Collaboration**: The company has secured a partnership with Calico for the IL-11 project, receiving a $25 million upfront payment, which is expected to enhance its overseas market valuation [2][3] 4. **Clinical Development**: Maiwei Biotech is the first Chinese company to advance IL-11 into clinical trials, having completed Phase I trials in China and Canada, and received IND approval in the U.S. [2][5] 5. **Market Potential**: IL-11 is anticipated to target various indications, including tumors and fibrosis-related diseases, with a focus on age-related conditions such as pulmonary fibrosis and cardiovascular fibrosis [6][9] 6. **Calico's Background**: Calico, founded by Google co-founders, emphasizes longevity and anti-aging drug development, integrating life sciences with AI technology [4][9] 7. **Funding and Support**: Calico receives substantial funding from Google and has a strong partnership with AbbVie, which enhances its research capabilities and clinical development experience [7][11] 8. **Future Clinical Trials**: Maiwei Biotech is preparing for the initial technology transfer and clinical sample preparation to expedite the launch of clinical trials in the U.S. [10] Additional Important Insights 1. **Sales Team Requirement**: The long-acting white blood cell enhancer requires a robust sales team of 500 to 1,000 personnel, making the partnership with Qilu a strategic move [3] 2. **Scientific Basis for IL-11**: The choice of IL-11 for longevity indications is supported by research indicating its significant impact on lifespan in older mice and its association with age-related fibrotic diseases [9] 3. **Regulatory Engagement**: Calico is actively engaging with the FDA regarding longevity-related indications, aligning with U.S. policy trends aimed at improving lifespan [9] 4. **AbbVie’s Role**: AbbVie is deeply involved in the IL-11 project, conducting rigorous due diligence and providing strong endorsement for Maiwei Biotech's data [11][12] This summary encapsulates the strategic direction, financial performance, and collaborative efforts of Maiwei Biotech, highlighting its potential in the biotechnology sector.