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02552 HUA MEDICINE-B

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  • 1.500
  • +0.010+0.67%
Market Closed Dec 13 16:08 CST
1.58BMarket Cap-5.49P/E (TTM)

About HUA MEDICINE-B Company

Hualing Pharmaceutical is a Chinese drug development company currently dedicated to developing the world's first novel oral drug Dorzagliatin or HMS5552 for the treatment of type 2 diabetes. Dorzagliatin is a glucokinase activator or GKA designed to control the progressive degenerative nature of diabetes by restoring glucose homeostasis in type 2 diabetics. By addressing the glucose-sensing function of glucokinase (or GK), we believe Dorzagliatin may become the first-line standard treatment for type 2 diabetes, either as a monotherapy or as a basic treatment in combination with currently approved antidiabetic drugs. Our phase I and phase II clinical trials showed proof of concept, and participants showed significant decreases in blood sugar and glycated hemoglobin (or Hb1Ac) levels when beta-cell function in the pancreas was enhanced and insulin resistance decreased. A 12-week trial in 258 patients with type 2 diabetes in China showed that Dorzagliatin reduced HbA1c in the 75 mg group twice daily by 1.12%, and we used the same dose in the phase III clinical trial. In this group, 44.9% of patients had their blood sugar under control (HbA1c levels measured at week 12 were lower than 7.0%), and 75.0% of patients had HbA1c falling more than 10% from baseline levels at week 12. Furthermore, based on the following three clinical endpoints: (i) glycemic control with HbA1c levels below 7.0%; (ii) no weight gain; and (iii) no hypoglycemia (dangerous low blood sugar levels), 35.4% of patients reached a composite endpoint. The results of the phase II clinical trial demonstrated the effect of restoring steady glucose balance. Even after only 12 weeks of administration with Dorzagliatin, a relatively high percentage (35.4%) of patients had reached the composite endpoint, and a relatively high percentage (75.0%) of patients had their HbA1c levels reduced by more than 10% from baseline. Coupled with improvements in beta-cell function and decreased insulin resistance that continued to work at the end of week 13 (one week after the end of the phase II clinical trial), these results together showed significant improvements compared to currently available antidiabetic drugs, and showed differentiated efficacy in improving the course of the disease.

Company Profile

Symbol02552
Company NameHUA MEDICINE-B
ISINKYG4644K1022
Listing DateSep 14, 2018
Issue Price8.28
Shares Offered104.76M share(s)
FoundedNov 10, 2009
Registered AddressCayman Islands
ChairmanRobert Taylor NELSEN
Secretaryyingxin yuan
Audit InstitutionDeloitte Guan Huang Chen Fang Certified Public Accountants
Company CategoryOther
Registered OfficePO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands
Head Office and Principal Place of BusinessRoom 506, Hang Seng Wanchai Building, 200 Hennessy Road, Wan Chai, Hong Kong
Fiscal Year Ends12-31
Employees172
MarketHong Kong motherboard
Phone+86 21 3810 1800
Fax+86 21 3810 1808
EmailBD@huamedicine.com
Business Hualing Pharmaceutical is a Chinese company mainly engaged in drug development business. The company is currently working to develop a new oral drug, Dorzagliatin, or HMS5552, for the treatment of type 2 diabetes. The company mainly operates in domestic and foreign markets.

Company Executives

  • Name
  • Position
  • Salary
  • li chen
  • CEO, Executive Director, Chairman of the Strategy Committee, Founder
  • 17.08M
  • jiecheng lin
  • Executive Vice President, Executive Director, Chief Strategy Officer, Strategy Committee Members, Authorized Representative
  • 7.16M
  • yi zhang
  • Executive Director, Senior Vice President (Clinical Research and Development)
  • --
  • Robert Taylor NELSEN
  • Chairman of the Board, Non-executive Directors, Chairman of the Nomination Committee, Strategy Committee Members
  • --
  • Fangxin LI
  • Non-executive Directors, Remuneration Committee Members
  • --
  • William Robert KELLER
  • Independent Non-Executive Director, Remuneration Committee Chairman, Nomination Committee Members, Audit Committee Members
  • 540.00K
  • yaohua xu
  • Independent Non-Executive Director, Audit Committee Members, Nomination Committee Members, Remuneration Committee Members
  • 450.00K
  • yaoliang zhang
  • Independent Non-Executive Director, Chairman of the Audit Committee
  • 540.00K
  • jin she
  • Senior Vice President and Chief Manufacturing Officer of Pharmaceutical Production and Quality Control
  • --
  • fuxing tang
  • Chief Technology Officer, Vice President of Pharmaceutical Production and Quality Control and Head of US R&D
  • --
  • ying xie
  • Vice President of Quality Assurance, Chief Quality Officer
  • --
  • qing dong
  • Vice President of Pharmaceutical Commercialization
  • --
  • zhanghong li
  • Group Chief Scientific Officer, CEO of Nanjing Shengdreier Pharmaceutical Technology Co., Ltd.
  • --
  • yingxin yuan
  • Authorized Representative, Company Secretary
  • --
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