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PureTech Announces Annual Results for Year Ended December 31, 2020


PureTech Announces Annual Results for Year Ended December 31, 2020
By
Staff
2 seconds ago
Strong capital base and cash runway extended into the first quarter of 2025, with PureTech level cash and cash equivalents of $443.4 million as of March 31, 2021
1 ($349.4 million as of December 31, 2020
2) and consolidated cash and cash equivalents of $486.5 million as of March 31, 2021
3 ($403.9 million as of December 31, 2020
4)
Advancement of Wholly Owned Pipeline with four clinical trial initiations and one successful readout, with three clinical trials ongoing
Significant milestones across PureTech’s Founded Entities including one FDA Clearance for Marketing, two European Marketing Authorizations, initiation of a Phase 3 program, $247.8 million raised in 2020
5 and $473.2 million raised in the 2021 post-period ....

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China Medical System (0867.HK) Accelerating Development and Stepping to New Heights, Driven by Innovation


China Medical System (0867.HK) Accelerating Development and Stepping to New Heights, Driven by Innovation
HONG KONG, Apr 05, 2021 - (ACN Newswire) - As the earnings season arrives, listed pharmaceutical companies are attracting much attention. China Medical System Holdings Limited (CMS, or Company) has released its annual results, with both revenue and profit higher than market expectations. According to its 2020 earnings results, turnover is up by 14.4% to RMB6.946 billion; net profit up by 30.7% to RMB2.556 billion; basic earnings per share up to RMB1.024, with a proposed final dividend of RMB0.20 per share.
In the past, influenced by expectations of the effects of China s centralized procurement policy and the Company s product transition, CMS s valuation in the capital market was once under pressure, but with the Company s strategic transformation from a CSO to an innovative pharmaceutical company, coupled with its own solid business growth, its share price has gained ....

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