Hua Medicine (HK:2552) has released an update.
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Hua Medicine has reported substantial growth with its HuaTangNing product’s sales volume increasing to 846,000 packs in the first half of 2024, a significant rise from 212,000 packs in the same period last year, resulting in a 46% revenue increase to RMB102.7 million. Despite a price reduction from entering China’s National Reimbursement Drug List, the company’s gross profit margin stands at 46.5%. Additionally, Hua Medicine is expanding dorzagliatin manufacturing capacity and progressing with post-marketing clinical studies, indicating a positive long-term outlook for the drug.
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