SSRX is one of the leading bio-technology firms in China. Their leading product is EPIAO which is the number one EPO product (anemia treatment) in China. It is a copycat version of Amgen's (AMGN) Epogen, and sells for a much lower price (about 25% of Epogen's cost). In 2007, EPIAO sales were up 22.6% in US$ terms, and year-to-year earnings were up 14.6%. EPIAO sales were 65% of SSRX total revenues in the fourth quarter.
Their second leading product is TPIAO which was developed in-house and is a cancer therapy drug. In 2007, sales were up 168.3% over 2006. TPIAO sales were 23.9% of total sales for full year 2007. SSRX has a patent on TPIAO, so its margins are higher than for EPIAO.
SSRX is one of the leading bio-technology firms in China. Their leading product is EPIAO which is the number one EPO product (anemia treatment) in China. It is a copycat version of Amgen's (AMGN) Epogen, and sells for a much lower price (about 25% of Epogen's cost). In 2007, EPIAO sales were up 22.6% in US$ terms, and year-to-year earnings were up 14.6%. EPIAO sales were 65% of SSRX total revenues in the fourth quarter.
Their second leading product is TPIAO which was developed in-house and is a cancer therapy drug. In 2007, sales were up 168.3% over 2006. TPIAO sales were 23.9% of total sales for full year 2007. SSRX has a patent on TPIAO, so its margins are higher than for EPIAO.