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Gyre Therapeutics | 10-Q: Quarterly report

Gyre Therapeutics | 10-Q: Quarterly report

Gyre Therapeutics | 10-Q:季度报表
美股SEC公告 ·  2024/08/13 15:07

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Gyre Therapeutics reported Q2 2024 revenue of $25.2 million, down 14% YoY from $29.3 million, primarily due to normalized anti-fibrosis drug sales following the 2023 COVID-related surge. Net income increased 20% to $4.5 million, with net income attributable to common stockholders up 90% to $3.5 million. The company maintained a strong gross margin of 97% despite revenue decline.Research and development expenses decreased 6% to $3.4 million as the company advanced its key programs, including F351 for liver fibrosis. General and administrative expenses rose to $3.4 million due to public company costs. The company ended the quarter with $16.1 million in cash and cash equivalents, $9.0 million in short-term deposits, and $28.8 million in long-term certificates of deposit.Looking ahead, Gyre Therapeutics is expanding its product portfolio with the acquisition of nintedanib rights for IPF treatment and recent NMPA approval of avatrombopag for thrombocytopenia. The company expects to submit an IND application for F351 in late 2024 and initiate a Phase 2a trial for NASH-associated liver fibrosis in 2025, supported by its strong financial position and commercial infrastructure.
Gyre Therapeutics reported Q2 2024 revenue of $25.2 million, down 14% YoY from $29.3 million, primarily due to normalized anti-fibrosis drug sales following the 2023 COVID-related surge. Net income increased 20% to $4.5 million, with net income attributable to common stockholders up 90% to $3.5 million. The company maintained a strong gross margin of 97% despite revenue decline.Research and development expenses decreased 6% to $3.4 million as the company advanced its key programs, including F351 for liver fibrosis. General and administrative expenses rose to $3.4 million due to public company costs. The company ended the quarter with $16.1 million in cash and cash equivalents, $9.0 million in short-term deposits, and $28.8 million in long-term certificates of deposit.Looking ahead, Gyre Therapeutics is expanding its product portfolio with the acquisition of nintedanib rights for IPF treatment and recent NMPA approval of avatrombopag for thrombocytopenia. The company expects to submit an IND application for F351 in late 2024 and initiate a Phase 2a trial for NASH-associated liver fibrosis in 2025, supported by its strong financial position and commercial infrastructure.
Gyre Therapeutics报告2024年第二季度营业收入为2520万,较去年同期的2930万下降14%,主要是由于2023年因COVID相关激增后抗纤维化药物销售恢复正常。净利润增长20%,达到450万,归属于普通股股东的净利润增至350万,增长90%。尽管收入下降,公司仍保持了97%的高毛利率。研发支出下降6%,至340万,因为公司在推进其关键项目,包括用于肝纤维化的F351。由于上市公司成本,一般和管理费用上升至340万。公司季度末的现金及现金等价物为1610万,短期存入资金为900万,以及长期存款为2880万。展望未来,Gyre Therapeutics正在通过收购nintedanib用于IPF治疗的权利和最近NMPA批准的avatrombopag用于血小板减少症,扩展其产品组合。公司预计将在2024年末提交F351的IND申请,并于2025年启动针对NASH相关肝纤维化的2a期临床试验,得到其强大财务状况和商业制造行业的支持。
Gyre Therapeutics报告2024年第二季度营业收入为2520万,较去年同期的2930万下降14%,主要是由于2023年因COVID相关激增后抗纤维化药物销售恢复正常。净利润增长20%,达到450万,归属于普通股股东的净利润增至350万,增长90%。尽管收入下降,公司仍保持了97%的高毛利率。研发支出下降6%,至340万,因为公司在推进其关键项目,包括用于肝纤维化的F351。由于上市公司成本,一般和管理费用上升至340万。公司季度末的现金及现金等价物为1610万,短期存入资金为900万,以及长期存款为2880万。展望未来,Gyre Therapeutics正在通过收购nintedanib用于IPF治疗的权利和最近NMPA批准的avatrombopag用于血小板减少症,扩展其产品组合。公司预计将在2024年末提交F351的IND申请,并于2025年启动针对NASH相关肝纤维化的2a期临床试验,得到其强大财务状况和商业制造行业的支持。
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