Summary by Moomoo AI
Junshengtai Pharmaceutical announced its annual performance for the year ending December 31, 2024. The loss for the year narrowed to 0.382 billion RMB, a significant decrease of 59.3% compared to 0.939 billion RMB in the same period last year. R&D costs amounted to 0.364 billion RMB, an increase of 16.7% year-on-year, mainly used for advancing the clinical research of the core product HTD1801. The company's cash and cash equivalents at the end of the period were 0.311 billion RMB.The development progress of the company's core product HTD1801 is smooth. The Phase III clinical trial for type 2 diabetes has completed patient recruitment, with key data expected to be announced in the first half of 2025, and plans to submit a new drug application by the end...Show More
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