M&A
confidence high
sentiment positive
materiality 0.75
Catalyst Biosciences provides H1 2023 financials of target Beijing Continent; revenue up 21% YoY
GYRE THERAPEUTICS, INC.
- BC revenue RMB379.3M, net profit RMB81.2M for H1 2023 vs revenue RMB312.7M, net profit RMB63.9M in H1 2022.
- BC main product ETUARY for idiopathic pulmonary fibrosis; gross margin 96% in H1 2023.
- BC total assets RMB806.6M, equity RMB707.8M as of June 30, 2023.
- Catalyst's acquisition of indirect controlling interest in BC subject to stockholder approval; proxy mailed July 20, 2023.