Corporate Presentation February 2026 Confidential and Proprietary Forward looking statements Cautionary note regarding forward-looking statements: This presentation contains forward-looking statements, including, but not limited to, statements regarding our expectations, estimates, assumptions, and projections regarding our future operating results and financial performance, including our expectations for profitability in 2027, anticipated cost or expense management, including the company's expectations rel ...

Core Viewpoint - Orion Corporation has established a new Long-term Incentive Program for key personnel, aiming to align the interests of shareholders and key individuals to enhance company value and provide competitive rewards based on share performance [1][2]. Group 1: Long-term Incentive Program Details - The Long-term Incentive Program includes performance share plans launched annually, with a three-year earning period for participants to earn class B shares [1]. - The new plan period for the program is set for the calendar years 2026-2028, with the first plan launched in 2025 covering 2025-2027 [2]. - The maximum reward for the 2026-2028 period is capped at 420,000 class B shares, with a total estimated cost of MEUR 26.5 based on share price averages prior to the plan's launch [4]. Group 2: Performance Criteria and Reward Structure - Rewards will be determined based on the achievement of targets related to operating profit, net sales, pipeline and portfolio development, and ESG performance [3]. - The total reward is limited to three times the participant's annual base salary, with a portion paid in cash to cover tax liabilities [5]. Group 3: Company Overview - Orion Corporation is a Nordic pharmaceutical company with over a century of experience, focusing on human and veterinary pharmaceuticals, including proprietary and generic medicines [7]. - In 2025, Orion's net sales reached EUR 1,890 million, and the company employs approximately 4,000 professionals globally [7].

Group 1 - Sanofi announced the ouster of CEO Paul Hudson after a six-year tenure, during which Dupixent became one of the world's best-selling medicines [7] - Belén Garijo, the current CEO of Merck KGaA, will replace Hudson, with Olivier Charmeil serving as interim CEO after Hudson's departure [7] - Sanofi expressed confidence in Garijo's leadership, highlighting her previous successes and reputation in the industry [5] Group 2 - Initial investor reactions to the leadership change were negative, with Sanofi's shares dropping about 3% in late trading in Europe [3] - Analysts have raised concerns regarding Garijo's lack of a credible R&D track record and the implications for corporate governance and growth [6] - Despite the challenges, Sanofi believes Garijo will enhance the implementation of its strategy and improve R&D productivity and innovation capacity [7]

分组1 - Syndax Pharmaceuticals (SNDX) announced preliminary FY25 financial results showing decent commercial and operational progress [1] - The company is focused on identifying promising biotechnology innovations, including novel mechanisms of action and first-in-class therapies [1] - The analysis emphasizes the importance of evaluating the science behind drug candidates, competitive landscape, clinical trial design, and market opportunities [1] 分组2 - The analyst has a background in Cell Biology and experience in drug discovery, which informs their investment analysis [1] - The goal is to provide insights that help investors understand both opportunities and risks in the biotech sector [1] - The biotech sector is characterized by the potential for breakthrough science to yield significant returns, necessitating careful scrutiny [1]

Core Insights - Eli Lilly and Novo Nordisk are competing in the high-demand weight loss drug market, with Lilly's tirzepatide (Mounjaro, Zepbound) and Novo's semaglutide (Ozempic, Wegovy) leading the way [1][2] Market Demand and Growth - The obesity drug market is projected to reach nearly $100 billion by the end of the decade, driven by high demand for weight loss drugs [2] - Both companies have ramped up production to meet this demand, which previously led to drug shortages [2] Popularity of GLP-1 Drugs - GLP-1 drugs have gained significant popularity, becoming well-known beyond just medical professionals [5] - These drugs help control blood sugar and appetite, leading to substantial weight loss for patients [6] Market Share Dynamics - Novo Nordisk initially led the U.S. market but began losing market share to Eli Lilly in June 2024, with Lilly currently holding 60% of the market [7] Product Performance - In head-to-head trials, Lilly's Zepbound outperformed Novo's Wegovy, with participants losing an average of 50 pounds compared to 33 pounds [9] - Lilly has invested over $50 billion in manufacturing infrastructure since 2020 to support current and future demand [10] Recent Developments - Novo recently received FDA approval for oral Wegovy, which has seen early uptake surpassing expectations, potentially boosting its market position [11] - Lilly's oral weight loss candidate, orforglipron, is under regulatory review, with a decision expected by April 10 [11] Competitive Advantages - Orforglipron may offer a competitive edge as it does not require dietary restrictions, unlike oral Wegovy [12] - Despite Lilly's higher valuation at 45x trailing earnings compared to Novo's 14x, Lilly's market share growth and revenue generation justify the premium [14] Investment Considerations - While Lilly is favored for its dominance in the weight loss market, Novo remains a reasonable investment due to its pricing and potential future growth from oral Wegovy and other pipeline programs [15]

Novo plans to expand its facility in Athlone in Ireland’s midlands region https://t.co/3bMyPs8jkW ...

Core Insights - 2025 marks a milestone year for China's innovative pharmaceuticals, with a significant increase in the number of approved drugs and vaccines, driven by supportive policies, international expansion, and expedited review processes [1][2] Group 1: Drug Approvals and Market Trends - In 2025, China approved 76 innovative drugs, surpassing the 48 approved in 2024, setting a historical record [1] - The number of approved innovative drugs in China exceeded that of the US FDA, which approved 46 new drugs in the same year [1] - China saw the approval of 11 First-in-class drugs, with 4 being independently developed domestically [1] - The total value of licensing transactions for innovative drugs exceeded $130 billion, with over 150 deals made, marking another historical high [1] Group 2: Breakthrough Therapies and Innovations - Among the 76 approved drugs, 17 were recognized as breakthrough therapies, with 13 focused on oncology [2] - Notable drug launches included the first stem cell therapy in China, marking a historic breakthrough in stem cell treatment [2] - The launch of targeted HER2 drugs for non-small cell lung cancer and cholangiocarcinoma signifies a new phase in precision treatment for solid tumors in China [2] Group 3: Disease-Specific Developments - In oncology, 34 new drugs were approved, with breast cancer treatments leading at 9 new drugs, followed by 6 for lung cancer and 8 for hematological malignancies [3] - Two CAR-T cell therapies targeting CD19 were approved, bringing the total number of domestic CAR-T therapies to 7 [3] Group 4: Innovations in Other Therapeutic Areas - In the influenza treatment sector, four new drugs were launched, addressing public health needs during peak flu seasons [4] - The innovative vaccine sector saw significant advancements, including the launch of China's first nine-valent HPV vaccine and a 13-valent pneumococcal conjugate vaccine [5] - The emergence of a serum-free rabies vaccine is expected to fill a market gap, showcasing China's growing capabilities in biopharmaceutical innovation [5]

Financial Performance - In Q4 2025, net sales increased by 60.1% to EUR 695.3 million compared to EUR 434.4 million in Q4 2024 [1] - Operating profit for Q4 2025 was EUR 328.1 million, more than tripling from EUR 92.7 million in Q4 2024 [2] - For the full year 2025, net sales reached EUR 1,889.5 million, a 22.5% increase from EUR 1,542.4 million in 2024 [1] - Full year operating profit was EUR 631.6 million, up 51.6% from EUR 416.6 million in 2024 [1] - Basic earnings per share for 2025 were EUR 3.56, a 51.5% increase from EUR 2.35 in 2024 [1] Business Divisions - The Innovative Medicines division saw net sales more than double in Q4 2025, driven by a EUR 180 million milestone and strong Nubeqa® sales [3] - The Branded Products and Generics and Consumer Health divisions also maintained solid growth, supported by high-quality portfolios [4] - The Animal Health division continued to perform well, contributing to overall sales stability [4] Research and Development - Orion initiated a phase 2 trial of ODM-212, a TEAD inhibitor, focusing on rare cancers, with plans to expand the program in 2026 [5] - A second phase 3 trial with levosimendan for pulmonary hypertension was also initiated by partner Tenax [5] Future Outlook - For 2026, net sales are estimated to be between EUR 1,900 million and EUR 2,100 million, with operating profit expected to range from EUR 550 million to EUR 750 million [12] - The growth in 2026 is anticipated to be driven by increasing Nubeqa® royalties and product sales [16] - The Branded Products division is expected to grow, particularly in the Respiratory therapy area and the Easyhaler® product portfolio [17] Dividend Proposal - The Board of Directors proposed a dividend of EUR 1.80 per share for 2025, to be paid in two instalments [7][8] - The first instalment of EUR 0.90 is proposed to be paid on April 2, 2026, and the second instalment on October 27, 2026 [8]

自願性及業務進展公告 簽訂原研藥Lidoderm®利多卡因凝膠貼膏獨家經銷協議 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並表明概不就因本公告全部或任何部分內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 China Medical System Holdings Limited（「本公司」，連同其附屬公司統稱為「本集團」） 欣然宣佈，於二零二六年二月十二日，本集團通過本公司附屬公司與 Teikoku Pharma USA, Inc.（「TPU」, 為日本 Teikoku Seiyaku Co., Ltd（「TSC」，帝國製藥）之附屬公 司，以下合稱「合作方」）就 Lidoderm®利多卡因凝膠貼膏（「產品」）簽訂獨家經銷 協議（「協議」）。 根據協議，本集團獲得該產品在中華人民共和國（就本協議而言，不含香港特別行政區、 澳門特別行政區及臺灣地區，以下簡稱（「目標區域」）內的獨家經銷權利，合作方負 責該產品的生產及供應相關事宜。本協議合作期限首期自該產品在目標區域內首次商業 銷售之日起計十年，到期後根據協議約定續期。 Lidoder ...

Core Viewpoint - AbbVie has established itself as a resilient and innovative company in the healthcare sector, demonstrating strong growth and adaptability, which makes it a reliable investment choice for long-term shareholders [1][9]. Company Overview - AbbVie was spun off from Abbott Labs 13 years ago and is now the third-largest healthcare company globally by market capitalization [1]. - The company has a market cap of $390 billion and a current stock price of $220.72, with a recent change of -0.77% [5][10]. Dividend and Financial Performance - AbbVie is classified as a Dividend King, having increased its dividends for at least 50 consecutive years, with a forward dividend yield of 3.1% [3]. - The company has shown significant stock performance, more than doubling in value over the past five years [4]. Product Pipeline and Innovation - AbbVie has a robust pipeline with approximately 90 programs in clinical development, of which around 60 are in mid- or late-stage studies [3]. - The company features multiple blockbuster drugs, particularly highlighting the strong sales growth of autoimmune disease treatments Skyrizi and Rinvoq [4]. Adaptability and Future Outlook - AbbVie has a proven track record of adapting to industry challenges, including successfully navigating the patent cliff of its former best-selling drug, Humira [8]. - The ability to evolve is emphasized as a critical trait for long-term success, and AbbVie is expected to continue delivering solid dividends and growth [7][9].