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3SBio Inc. Announces Unaudited Second Quarter and First Half 2011 Results
Date:8/15/2011

(US$0.36) compared to net income per ADS on a fully-diluted basis of RMB2.37 (US$0.35) for the first half of 2010.

Second Quarter 2011 Business HighlightsOperations

  • EPIAO, the Company's flagship injectable recombinant human erythropoietin (EPO) product, demonstrated strong growth with net revenue in the second quarter of 2011 rising 27.7% to RMB80.2 million (US$12.4 million), compared to RMB62.8 million (US$9.3 million) in the second quarter of 2010. According to IMS Health, second quarter 2011 market share by value increased by 2.2% points, reaching an all-time high of 44.0%, more than the combined market share of the six closest competitors.
  • Net revenues for TPIAO, the Company's novel recombinant human thrombopoietin (TPO) product, increased by 31.7% to RMB42.3 million (US$6.5 million) in the second quarter of 2011, compared to RMB32.1 million (US$4.7 million) in the second quarter of 2010.
  • Net revenues for Iron Sucrose Supplement increased by 39.1% to RMB6.2 million (US$1.0 million) in the second quarter of 2011, compared to RMB4.5 million (US$0.7 million) in the second quarter of 2010.
  • Net export revenues increased by 54.1% to RMB4.5 million (US$0.7 million), accounting for 3.3% of total net revenue in the second quarter of 2011, compared to RMB2.9 million (US$0.4 million), or 2.8% of net revenues in the second quarter of 2010. The increase was partly attributable to continued strong EPIAO sales to Egypt and Thailand. The GMP certification for EPIAO was renewed in Brazil and an application for GMP certification was submitted in Turkey in line with our strategy of seeking product registrations in more developed countries.

  • Events Subsequent to June 30, 2011

  • The Chinese State Food and Drug Administration ("SFDA") approved a 36,000 IU dosage formulation of EPIAO for the treatment of anemia associated with chemotherapy in cancer patients. High-dose EPIAO is the only dosage form of this
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  • SOURCE 3SBio Inc.
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