-
Everest Medicines Reports Surge in Revenue, Advances Core Products and R&D Pipeline
•
China-based Everest Medicines (HKG: 1952) has announced its 2024 financial results, marking a significant milestone in its growth trajectory. The company reported a remarkable 461% year-on-year increase in revenues, reaching RMB 707 million (USD 97 million). Concurrently, the non-IFRS net loss narrowed by 25% to RMB 537.6 million (USD 74…
-
Everest Medicines’ EVM14 mRNA Cancer Vaccine Clears US FDA IND Application
•
China-based Everest Medicines (HKG: 1952) has announced that its Investigational New Drug (IND) application for EVM14, a tumor-associated antigen (TAA) vaccine, has been cleared by the US Food and Drug Administration (FDA). This milestone marks a significant advancement for the company’s innovative oncology pipeline. EVM14’s Mechanism and Pre-Clinical SuccessEVM14 is…
-
Everest Medicines Initiates Jiashan Plant for Etrasimod Tablet Production
•
China-based Everest Medicines (HKG: 1952) announced the start of construction for a manufacturing plant in Jiashan, Zhejiang province, dedicated to producing its S1P receptor modulator etrasimod (formerly known as velsipity). The project, valued at RMB70 million (USD9.7 million), is expected to produce up to 50 million tablets of etrasimod upon…
-
Everest Medicines Begins Clinical Trial for Personalized mRNA Cancer Vaccine EVM16
•
China-based Everest Medicines (HKG: 1952) has announced the first patient dosing of an investigator-initiated clinical trial (IIT) for its personalized mRNA cancer vaccine, EVM16. The trial is designed to assess the safety, tolerability, immunogenicity, and preliminary efficacy of EVM16 alone or combined with a PD-1 inhibitor in advanced or recurrent…
-
Everest Medicines’ Nefecon Receives First Prescription for IgAN Treatment in Adults
•
China-based Everest Medicines (HKG: 1952) has announced that its targeted-release budesonide, Nefecon, has been prescribed for the first time to treat primary immunoglobulin A nephropathy (IgAN) in adults who are at risk of disease progression. This development signifies a significant step forward in the management of IgAN, a condition that…
-
Everest Medicines’ Velsipity (Etrasimod) Receives First Prescription in Foshan under GBA Policy
•
Everest Medicines (HKG: 1952), a leading biopharmaceutical company based in China, has announced that its Velsipity (etrasimod) has been prescribed for the first time at Foshan Fosun Chancheng Hospital. This prescription was made possible under the “Hong Kong-Macau Drug and Device Access” policy, which is part of the Greater Bay…
-
Everest Medicines’ Velsipity NDA for Ulcerative Colitis Accepted by China’s NMPA
•
China-based Everest Medicines (HKG: 1952) has announced that the National Medical Products Administration (NMPA) has accepted for review the New Drug Application (NDA) for its Velsipity (etrasimod), a treatment for moderate to severe active ulcerative colitis (UC). Velsipity’s Mechanism and Licensing BackgroundVelsipity is a once-daily, oral medication that functions as…
-
Everest Medicines’ Nefecon Receives Full Approval from South Korea’s MFDS for IgAN Treatment
•
China-based Everest Medicines (HKG: 1952) has announced that it has received full approval from the Ministry of Food and Drug Safety (MFDS) in South Korea for its Nefecon (targeted-release budesonide) for the treatment of adults with primary immunoglobulin A nephropathy (IgAN) who have a urine protein excretion of ≥1.0 g/day…
-
Everest Medicines’ Velsipity Approved for Use in Select Hospitals in China’s Greater Bay Area
•
Everest Medicines (HKG: 1952), a China-based pharmaceutical company, has announced that it has received approval in the Greater Bay Area (GBA) for its drug Velsipity (etrasimod) to be used in Foshan Fosun Chancheng Hospital and the First Affiliated Hospital of Sun Yat-sen University. These medical institutions are part of the…
-
Everest Medicines’ Nefecon Approved in Taiwan for Primary IgAN Treatment
•
Everest Medicines (HKG: 1952), a China-based pharmaceutical company, has announced that it has received market approval from the Taiwan Food and Drug Administration for its targeted-release budesonide, Nefecon, for the treatment of primary immunoglobulin A nephropathy (IgAN) in adults at risk of disease progression. This approval allows for the use…
-
Everest Medicines Reports 158% Revenue Growth in 2024 H1, Driven by Pharmaceutical Sales and Operational Efficiency
•
Everest Medicines, a China-based biopharmaceutical company listed on the Hong Kong Stock Exchange (HKG: 1952), has reported its financial results for the first half of 2024. The firm’s revenues experienced a substantial month-on-month increase of 158%, reaching RMB 302 million for the six-month period, primarily propelled by sales of the…
-
Everest Medicines Launches Trial for Personalized mRNA Cancer Vaccine EVM16 in Solid Tumors
•
Everest Medicines, a biopharmaceutical company based in China and listed on the Hong Kong Stock Exchange (HKG: 1952), has announced the commencement of an investigator-initiated trial (ITT) for its cutting-edge personalized mRNA cancer vaccine, EVM16. The trial, spearheaded by Beijing Cancer Hospital and Fudan University Shanghai Cancer Center, is a…
-
Everest Medicines’ Nefecon Receives NMPA Review, Signaling Potential Treatment Milestone for IgAN Patients
•
Everest Medicines (HKG: 1952), a biopharmaceutical company dedicated to addressing critical medical needs in Asian markets, has achieved a significant step with its supplementary market approval filing for Nefecon being accepted by China’s National Medical Products Administration (NMPA). The drug, which targets the root cause of immunoglobulin A nephropathy (IgAN),…
-
Everest Medicines’ Velsipity Shows Positive Results in Largest Asian Phase III UC Trial
•
Everest Medicines (HKG: 1952), a leading biopharmaceutical company based in China, has announced positive top-line results from a multi-center Phase III clinical study for its Velsipity (etrasimod) in moderate-to-severe active ulcerative colitis (UC) during the maintenance period in Asia. This landmark trial is the largest Phase III study for moderately-to-severely…
-
Everest Medicines Commences Commercial Sales of Nefecon in China Post-Launch
•
Everest Medicines (HKG: 1952), a leading pharmaceutical company based in China, has announced the official commercialization of Nefecon (targeted-release formulation budesonide) in China, marking a significant milestone with the issuance of the first prescription in the country. Nefecon is a patented oral, delayed-release formulation of budesonide, a corticosteroid with significant…
-
Everest Medicines’ Velsipity for UC Receives First Asian Approval in Macau
•
Everest Medicines (HKG: 1952), a China-based pharmaceutical company, has announced that the regulatory authority in Macau has approved the New Drug Application (NDA) for Velsipity (etrasimod) for the treatment of moderate-to-severe active ulcerative colitis (UC). This makes Macau the first region in Everest’s licensed territory in Asia to grant approval…
-
Everest Medicines’ Nefecon Secures Market Approval for IgAN Treatment in Hong Kong
•
Everest Medicines (HKG: 1952), a China-based pharmaceutical company, announced that it has received market approval from the Hong Kong Department of Health for its drug Nefecon (targeted-release budesonide) for the treatment of primary immunoglobulin A nephropathy (IgAN) in adults who are at risk of disease progression. This approval marks the…
-
Everest Medicines Reports 884% Revenue Surge Amid Rising Losses and Strategic Shifts
•
Everest Medicines (HKG: 1952), a China-based biotech company, has released its 2023 annual financial results alongside a corporate update, revealing a staggering 884% year-on-year revenue increase to RMB 125.9 million (USD 17.4 million). However, net losses widened by RMB 597.2 million, reaching RMB 844.5 million. Notably, research and development (R&D)…
-
Everest Medicines Strengthens Leadership with Appointments of Sandra Zeng and Rico Liang
•
Everest Medicines (HKG: 1952), a leading China-based biotechnology company, has announced two significant appointments to its senior management team. Sandra Zeng has been named Chief Medical Officer, and Rico Liang has been appointed as Chief Product Officer. These strategic hires are set to bolster the company’s drug development and product…
-
Everest Medicines’ Nefegan Approved by Singapore HSA for Primary IgAN Treatment
•
Everest Medicines (HKG: 1952), a China-based biotechnology company, has received marketing approval from the Singapore Health Sciences Authority (HSA) for its drug Nefegan, also known as Nefecon, which is indicated for the treatment of primary immunoglobulin A nephropathy (IgAN) in adults who are at risk of disease progression. Nefecon is…
