Futu News reported on March 20, $VISEN PHARMA-B (02561.HK)$ Today, the dark market opened lower, currently down 15.92%, reported at 57.85 Hong Kong dollars, with a transaction volume of 3.4424 million Hong Kong dollars and a total market value of 6.505 billion Hong Kong dollars.
Market data source: Futu Securities
Company Overview
Weisheng Pharmaceuticals was established in November 2018. It is a biopharmaceutical company in the late stages of research and development, focusing on providing treatment solutions for specific endocrine diseases in China. The company has one core product and two other candidate drugs under research, which have been licensed from one of its partners and major shareholders, Ascendis Pharma.
The company's core product, Longpei growth hormone, is a candidate drug researched by the company, which has completed phase 3 key trials in China for the treatment of growth hormone deficiency in children aged 3 to 17, with each subject receiving 52 weeks of treatment. The completed phase 3 key trials in China have verified that Longpei growth hormone is the only LAGH that has demonstrated superior efficacy and comparable safety in comparison to positive controls of short-acting (daily injection) human growth hormone and parallel group trials.
Financial Overview
In terms of financial status, Weisheng Pharmaceutical-B currently does not have products approved for commercial sale and has not generated any revenue from product sales. Since its establishment, the company has incurred operating losses in each fiscal year and during the historical record period. For the nine months ended September 30, 2024, the company's research and development costs were RMB 0.18 billion, RMB 57.69 million, and RMB 58.907 million for 2022, 2023, and the nine months ending September 30, 2024, respectively.
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