Have you kept the winter food of innovative medicine "the second half"?

The 61 -year -old Jiangning army decided to retire.

On August 25, the Cornerstone Pharmaceuticals announced the semi -annual report. In the first half of this year, the company's revenue was 262 million yuan, a year -on -year increase of 229%. In addition, due to the sharp reduction of R & D investment, the losses of cornerstone pharmaceuticals in the first half of this year narrowed 53.28%.

Objectively speaking, in the current environment of innovative drugs, the operating results of the cornerstone pharmaceutical industry are very difficult.

In the first half of 2021, the three new drugs of the cornerstone pharmaceuticals were approved one after another. After one year, the three drugs quickly volume, and the sales doubled year -on -year. Considering the external environmental impact of the epidemic in the first half of this year, it also shows that these drugs have potential. In addition, the PD-L1 authorized by the cornerstone to Pfizer also received a milestone cost of nearly 90 million yuan.

It seems that everything is developing in a good direction, but Jiang Ningjun, the founder of the cornerstone pharmaceutical industry, decided to retire and no longer hold any position of the company.

From starting a business in July 2016, to the small and medium -sized innovative pharmaceutical companies with a market value of HK $ 5.8 billion, the Jiangning Army failed to achieve the grand wish of "bringing the Chinese innovation system to the world" in the cornerstone. I chose the rapids and retreat.

Earlier, the cornerstone pharmaceuticals had reported the news of being acquired, and many people cared about the company's capital. The semi -annual report shows that the current cash position of the cornerstone pharmaceutical industry is 1.1 billion yuan, and the research and development costs have fallen to about 220 million yuan due to the contraction of the pipeline. If it is enlarged to the whole year, the cash of the cornerstone can still support the development of about 3 years.

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In three years, it is a relatively suitable "burning money" speed for the current Chinese innovation medicine industry. Among the listed companies of Hong Kong stocks 18A, there are few cash in their hands for 3 years.

Based on this alone, the cornerstone pharmaceutical does not need to be anxious to find a buyer.

At the age of 61, it is actually true for entrepreneurs. When the Cornerstone Pharmaceutical was just listed in 2019, some media reported that the Jiangning Army self -evaluating was a "self -driving type" person. In addition to entrepreneurship, he also used a lecture professor at Tsinghua Medical College and Wudaokou Financial College with a rest day. The teaching professor of Tsinghua Master of Medical Student Students, the clinical research and training lecturer of the clinical research and training lecturer of the clinical research and training of the Shanghai Jiaotong University School of Medicine, and the "Clinical Research Management" course professor of "Clinical Research and Management" of Shenyang Pharmaceutical University.

In these courses, some of them are eight hundred students and have credits, not "walking". Jiang Ningjun has his heart and willingness to preach, and he also hopes that the cornerstone can be good. The ideals of China's native innovation can be realized. However, after the financial incident, Jiang Ningjun was removed from the chairman of the board of directors and has been destined to leave the cornerstone.

A black -speaking paragraph in the Internet industry said: smart cities are cameras at the intersection; force is burning money; in the second half, it is almost possible.

Since 2022, the industry has felt that innovative drugs have "entered the second half." I don't know if the black words of the Internet industry are here, the meaning is different.

A large number of BIOTECH failed to get a big lead in "the first half". In the beginning of the half, many companies are suffering from the "garbage time", waiting for the end of the end.

There are many cases of anti -wind turning, but it is when the team's mental state, technical and tactical coordination are in place.

Moreover, you still need luck.

On the green field, the most unable to hear the words of fans is that there is not much time left to the Chinese team.

I wish China biotech with food and good luck.

### Innovation Pharmaceutical Company#

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