Shanghai Fosun Pharmaceutical (Group) Co., Ltd, listed on the Shanghai Stock Exchange (SHA: 600196) and the Hong Kong Stock Exchange (HKG: 2196), has reported its financial results for the first half of 2024. The Chinese pharmaceutical giant recorded an operating revenue of RMB 20.463 billion, reflecting a 5.31% year-on-year increase, excluding COVID-19 related products. The non-net profit attributable to the parent company was RMB 1.254 billion, with an R&D investment totaling RMB 2.737 billion, including research and development expenses of RMB 1.862 billion. The pharmaceutical business segment alone saw an R&D investment of RMB 2.406 billion, which constituted 16.39% of its business revenue.
In the first half of 2024, Fosun Pharma achieved significant milestones with the approval of 9 indications for 4 innovative drugs/biosimilars both domestically and internationally, as well as 38 generic products. The core pharmaceutical business contributed revenues of RMB 14.677 billion, while the innovative drug business made advancements in areas such as solid tumors, blood cancers, and immune diseases.
Fosun Pharma continues to execute its global strategy, encompassing innovative development, licensing, manufacturing operations, and commercialization. The company has an extensive overseas commercialization team of nearly 1000 professionals, with a presence in the US, Europe, and Africa. In the first half of 2024, Fosun Pharma’s international income reached RMB 551,000, marking a 15.13% year-on-year increase, with overseas revenue contributing 26.93% to the total.
Intuitive Surgical-Fosun Medical Technology (Shanghai) Co., Ltd, a joint venture between Fosun Pharma and Intuitive Surgical, inaugurated its headquarters industry base in Zhangjiang, Shanghai in June 2024, aiming to enhance the localization of the Da Vinci Xi surgical robot in China. Additionally, the joint venture with Israeli company Insightec is actively promoting and commercializing the “magnetic wave knife” brain treatment system in mainland China, Hong Kong, and Macau.- Flcube.com
