Ascentage Pharma Narrows Loss in 2024

MT Newswires Live

2025/03/28

Ascentage Pharma Group International (HKG:6855) narrowed its attributable loss in 2024 to 405.4 million yuan from 925.6 million yuan in the year-ago period, a Thursday filing with the Hong Kong bourse said.

Loss per share stood at 1.34 yuan, narrower than 3.28 yuan in 2023.

The drugmaker's revenue for the year increased by 342% to 980.7 million yuan from 222 million yuan a year prior.

The higher revenue was partly attributable to intellectual property income from Takeda Pharmaceuticals International and the strong sales growth of olverembatinib.

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