Site icon pharmaceutical daily

InnoCare Releases 2022 Third Quarter Results: Star Board Listing for Long-term Growth and Rapid Increase of Orelabrutinib Sales

BEIJING–(BUSINESS WIRE)–InnoCare Pharma (HKEX: 09969; SSE: 688428), a leading biopharmaceutical company focusing on cancer and autoimmune diseases, today announced 2022 third quarter results and latest corporate development.

Dr. Jasmine Cui, Co-founder, Chairwoman and CEO of InnoCare said, “We successfully got listed on the STAR Board of the Shanghai Stock Exchange, which makes InnoCare become the double-listed biotech company and will inject new momentum to the Company’s long-term development. We further uplifted our commercialization capabilities with continued revenue growth of orelabrutinib after its inclusion in China’s National Reimbursement Drug List (NRDL). We accelerated the pace of innovation and clinical development in the field of malignant tumors and autoimmune diseases with 13 drug candidates entering clinical trials in a bid to meet the unmet clinical needs. Our Guangzhou site was approved for commercial production of orelabrutinib…We have achieved high-quality development in various fields, and we are committed to becoming a world leading biopharma company with innovations as the key driving force.”

Financial Highlights

STAR Board Listing

On September 21, 2022, InnoCare got listed on the STAR Board of the Shanghai Stock Exchange, raising a total of RMB2.92 billion. The listing on the STAR Board will further enhance InnoCare’s innovative advantages in blood tumors, solid tumors and autoimmune diseases, and contribute to achieving its strategic goal of benefiting global patients with its self-developed innovative drugs.

Pipeline Progress

InnoCare has built a robust pipeline. Orelabrutinib was in commercial stage with NRDL inclusion, tafasitamab was approved for use in the Boao Lecheng International Medical Tourism Pilot Zone, with 13 drug candidates in clinical trials and several others in IND enabling stage. In addition to monotherapy, InnoCare is also exploring the potential of the drug pipelines in combination with standard therapy or other therapies. The followings are the latest developments:

Blood Tumor

Orelabrutinib

ICP-B04 (Tafasitamab)

ICP-490

ICP-248

ICP-B02 (CM355)

Solid Tumor

ICP-192 (Gunagratinib)

ICP-723

ICP-B05 (CM369)

ICP-189

Autoimmune Disease

Orelabrutinib

ICP-488

ICP-332

“In the challenging market environment, we still fulfilled the preset goals beyond expectations,” said Dr. Cui. “Looking forward, we will continue to maintain our original aspiration, hold on the core value of ‘Science drives innovation for the benefit of patients’, strengthen the product pipelines, and accelerate the business development, in order to leverage our innovations achievements to generate greater values for the society.”

To know more about the detailed financial data of InnoCare 2022 third quarter results, please log in https://cn.innocarepharma.com/en/investor-relations/.

Conference Call Information

InnoCare will host a conference call and webcast on Nov. 14, 2022 at 9:30 a.m. Beijing time. Details are as follows:

Live streaming and online interaction:

http://roadshow.sseinfo.com/roadshowIndex.do?id=11059

Register if you are CICC customers:

https://net.comein.cn/roadshow/home/124797?institute=zjgs

The call will be conducted in Mandarin.

Forward-looking Statement

This report contains the disclosure of some forward-looking statements. Except for statements of facts, all other statements can be regarded as forward-looking statements, that is, about our or our management’s intentions, plans, beliefs, or expectations that will or may occur in the future. Such statements are assumptions and estimates made by our management based on its experience and knowledge of historical trends, current conditions, expected future development and other related factors. This forward-looking statement does not guarantee future performance, and actual results, development and business decisions may not match the expectations of the forward-looking statement. Our forward-looking statements are also subject to a large number of risks and uncertainties, which may affect our short-term and long-term performance.

About InnoCare

InnoCare (HKEX: 09969; SSE: 688428) is a commercial stage biopharmaceutical company committed to discovering, developing, and commercializing first-in-class and/or best-in-class drugs for the treatment of cancer and autoimmune diseases. We strategically focus on liquid cancer, solid tumors, and autoimmune diseases with high unmet medical needs in China and worldwide. InnoCare has branches in Beijing, Nanjing, Shanghai, Guangzhou, Hong Kong and the United States.

1 Cash and cash equivalents refer to cash, bank balance, investments measured at fair value investments and interest receivable

2 eClinicalMedicine

Contacts

Media
Chunhua Lu

86-10-66609879

chunhua.lu@innocarepharma.com

Investors
86-10-66609999

ir@innocarepharma.com

Exit mobile version