Innovent Biologics Logs 25% Boost in Q4 2024 Product Revenue

MT Newswires Live

2025/02/06

Innovent Biologics (HKG:1801) recorded a total product revenue of 2 billion yuan or more in the fourth quarter of 2024, up at least 25% from a year prior, a Thursday bourse filing said.

In full-year 2024, product revenue grew by at least 40% to 8.2 billion yuan.

The drug company attributed the rise in revenue mainly to its leading position in the oncology niche, fast growth of major products, and the strong ramp-up momentum of new products.

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