CSPC Pharmaceutical’s 9-Month Web Revenue Rose 25%
By Martin Mou
CSPC Pharmaceutical Group Ltd. mentioned Monday that its nine-month web revenue rose 25% from a 12 months earlier on the again of stronger drug gross sales.
Web revenue got here in at 3.52 billion yuan ($536.Three million), whereas income grew 15% to CNY19.22 billion.
Gross sales of completed medicine, the corporate’s largest income, elevated 17% to CNY15.71 billion, as hospital visits and advertising and marketing actions resumed following the containment of Covid-19 in China, the corporate mentioned.
CSPC mentioned it has over 300 drug growth tasks within the pipeline and expects to launch greater than 50 new merchandise in three years.
Write to Martin Mou at firstname.lastname@example.org
(END) Dow Jones Newswires
November 22, 2020 23:37 ET (04:37 GMT)
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