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Sino Biopharmaceutical 2021 First Quarterly Profit attributable to Owners of the Parent Soars 118.5% to RMB1.91 Billion


Sino Biopharmaceutical 2021 First Quarterly Profit attributable to Owners of the Parent Soars 118.5% to RMB1.91 Billion
Contribution of Sales of New Products to Revenue Rises to 47.4%
Driving Revenue Up by 16.4%
HONG KONG, May 24, 2021 - (ACN Newswire) - Sino Biopharmaceutical Limited ( Sino Biopharmaceutical or the Company , together with its subsidiaries, the Group ) (HKEX:1177), a leading and innovation-driven pharmaceutical conglomerate in the PRC, has announced its unaudited first quarterly results for the three months ended 31 March 2021.
Development Highlights
Chia Tai - Tianqing Pharmaceutical Group Co. Ltd. ( CT Tianqing ), a member company of the Group, and Beijing-based Genetron Holdings Limited (NASDAQ: GTH) signed a strategic cooperation agreement on early screening of liver cancer. The two parties will work together in the next three years in selected areas in the country to serve those at high risk of developing liver cancer, including Hepa ....

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Fosun Pharma Leads Hong Kong Healthcare Stocks Higher on Vaccine Optimism


Provided by
Dow Jones
By Justina Lee
Healthcare stocks are trading higher in Hong Kong, led by Shanghai Fosun Pharmaceutical (Group) Co., after it announced a joint venture with German biotechnology company BioNTech SE to manufacture and sell coronavirus vaccines.
Shares of Shanghai-based Fosun Pharma rose as much as 23% to 61.35 Hong Kong dollars Monday morning, nearing a record, after the company said on Sunday it will have a plant in China capable of producing up to a billion doses annually of BioNTech s Covid-19 vaccine.
Fosun Pharma s shares were recently trading 17% higher at HK$58.50, bringing its year-to-date gains to 58%.
Gains by the stock and other Hong Kong-listed healthcare shares helped the Hang Seng Healthcare Index rise 2.7%. The broader Hang Seng Index was down 0.4%. ....

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