Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01177 SINO BIOPHARM
RTNominal up3.020 +0.010 (+0.332%)
Research Report

25/09/2019 14:26

{I-bank focus}Larger drug price cuts seen in national tender

[ET Net News Agency, 25 September 2019] The National Healthcare Security Administration
yesterday organized the national rollout tender of the 25 winning drugs in the "4+7"
procurement. The tender allows multi-winners: potentially 1/2/3 winners will be guaranteed
50%/60%/70% of predetermined market volume.
Within 25 drugs in this procurement tender, the average price cut of winners is 25%
(versus December 2018 results) or 59% (versus products' current selling price).
Citi Research thinks the magnitude of the price cuts is larger than the market's
expectation, and the market may need longer to digest the tender results. In the long
term, the research house reiterated its view that large pharma leaders could benefit from
consolidation despite the price cuts. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.