医療従事者の為の最新医療ニュースや様々な情報・ツールを提供する医療総合サイト

GC Pharma Reports Q3 2020 Results

2020年11月03日 AM07:43
このエントリーをはてなブックマークに追加


 

YONGIN, South Korea

GC Pharma (formerly known as Green Cross Corporation) (KRX: 006280), a South Korean biopharmaceutical company, today announced unaudited consolidated financial results for third quarter of 2020.

Third-Quarter Reported Results(1)

Key Figures(1)

Q3 2020

Growth(2)

Total revenues

KRW 419.6 billion

+14.5%

Operating profit

KRW 50.7 billion

+37.1%

K-IFRS profit after taxation

KRW 63.4 billion

+182.8%

(1) Results from continuing operations (Green Cross MS’ blood bag business has been classified as discontinued operations)

(2) Results and percentages compare to equivalent 2019 period

Financial Highlights

  • Delivered total revenue growth of 14.5% to KRW 419.6 billion (Q3 2019: 366.5 billion), and operation profit increased 37.1% to KRW 50.7 billion (Q3 2019: 37.0 billion) in the Q3 of 2020
  • Unconsolidated revenues growth of 8.8%, driven by strong local and international vaccines sale
  • Another quarter of strong subsidiaries performance, including Green Cross MS and Green Cross LabCell
  • Local sales up 6.2% reflecting strong local Vx and CHC segment performance
  • International sales growth of 26.2% driven by increased Flu and VZ vaccine sales, and the strong vaccine performance will be continued as a part of N/H sales of Flu vaccine and VZ vaccine sales reflected in Q4
  • Achieved double-digit operation margin growth driven by increased sales of local and international vaccines segment, favourable mix, cost containment.
  • The performance for core businesses so for this year in line with where the company expect it to be.

Short-term R&D Milestones

  • Hunterase China regulatory decision in Q3 (Approved 2 September 2020)
  • GreenGeneF China regulatory decision in Q4
  • Hunterase ICV Japan regulatory decision in Q4
  • IVIG 10% US BLA submission in Q4

About GC Pharma

GC Pharma is a biopharmaceutical company that delivers life-saving and life-sustaining protein therapeutics and vaccines. Headquartered in South Korea, GC Pharma is the largest plasma protein product manufacturer in Asia and has been dedicated to quality healthcare solutions more than half a century. Green Cross Corporation updates its corporate brand as GC Pharma in early 2018. Green Cross Corporation remains the company’s registered, legal name.

This release includes forward-looking statements, which express the current beliefs and expectations of GC Pharma’s management. Such statements speak only as of the date on which they are made and the company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201102006047/en/

CONTACT

Investor/Media Contact

HyunGoo Kang

+82 31 260 9382

gookang@gccorp.com

WooSub Shin

+82 31 260 9397

isswoo@gccorp.com

Yelin Jun

+82 31 270 1505

yelin@gccorp.com

JiWoong Kim

+82 31 260 0759

yoholiday@gccorp.com

Hansaem Kim

+82 31 260 9392

hs.kim@gccorp.com

Related Posts Plugin for WordPress, Blogger...

同じカテゴリーの記事 

  • 知临集团用于治疗神经母细胞瘤的再利用药物 SACT-1 获得FDA孤儿药资格
  • シャーロット・ディーン教授がバイオ医薬品AI担当主任科学者としてエクセンシアに参加
  • Charlotte Deane教授加入Exscientia,担任生物制剂人工智能首席科学家
  • Elpiscience Announces First Patient Dosed in US Phase I Clinical Trial of Anti-CD39 Monoclonal Antibody ES002 for Treatment of Advanced Solid Tumors
  • CDISC Welcomes New Members to Board of Directors