Jul 02, 2021
Looking forward, we expect to receive New Drug Application (“NDA”) approval in Taiwan for TIBSOVO® (ivosidenib) in relapsed/refractory acute myeloid leukemia (“R/R AML”) this year. We will submit several NDAs / Biologics License Applications in China across multiple indications for our lead assets including CS1001, avapritinib and pralsetinib; and expect data readouts of seven critical clinical studies. We also aspire to establish a Pipeline 2.0 with more first-in-class/best-in-class therapies. Moreover, we anticipate to further scale up our commercialization in 2020 and drive successful launches of our lead assets in the coming years.
FINANCIAL HIGHLIGHTS
Non-International Financial Reporting Standards (“Non-IFRS”) Measures:
The research and development expenses excluding the share-based payment expenses increased by RMB461.8 million from RMB726.9 million for the year ended December 31, 2018 to RMB1,188.7 million for the year ended December 31, 2019, primarily attributable to additional trials which increased clinical development costs.
The administrative expenses excluding the share-based payment expenses increased by RMB58.3 million from RMB79.3 million for the year ended December 31, 2018 to RMB137.6 million for the year ended December 31, 2019, primarily attributable to increase in employee costs.
The loss excluding the effect of the fair value changes of the conversion feature of preferred shares and share-based payment expenses increased by RMB468.7 million from RMB672.6 million for the year ended December 31, 2018 to RMB1,141.3 million for the year ended December 31, 2019, primarily due to increase in research and development expenses and administrative expenses, while partially offset by increase in interest income.
The research and development expenses excluding the share-based payment expenses increased by RMB461.8 million from RMB726.9 million for the year ended December 31, 2018 to RMB1,188.7 million for the year ended December 31, 2019, primarily attributable to additional trials which increased clinical development costs.
