Summary by Moomoo AI
Tongyuan Kang Pharmaceutical announced its 2024 annual results, with total revenue of 0.107 million yuan, a net loss of 0.388 billion yuan, an increase of 1.2% year-on-year. R&D expenses amounted to 2.35 billion yuan, a decrease of 5.5% year-on-year. The company's cash and bank balance is 0.46 billion yuan, an increase of 146.5% compared to the end of 2023. The company has been listed on the Main Board of the Hong Kong Stock Exchange in August 2024, raising 0.579 billion HKD from a global offering.The key Phase II clinical trial for the core product TY-9591, used for EGFR mutant lung cancer brain metastases, has completed enrollment of 224 patients, and the NDA application for conditional listing is expected to be submitted in the second quarter...Show More
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