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01167 加科思藥業集團
Jacobio Pharmaceuticals Group
Listing Date2020/12/21
Listing Price14.000
 
Quote
Subscription Result
  • Subscription Rate
    299.60x
  • Guarantee One Lot Size
    50 lot
  • One Lot Success Rate
    15%
COMPANY PROFILE

Jacobio Pharmaceuticals Group Co., Ltd. is a clinical-stage pharmaceutical company focusing on the in-house discovery and development of innovative oncology therapies. It is an explorer in developing clinical-stage small-molecule drug candidates to modulate enzymes by binding to their allosteric sites, i.e., sites other than the active site that catalyzes the chemical reaction, in order to address targets which are lack of easy-to-drug pockets where drugs can bind, such as protein tyrosine phosphatases (PTPs) and Kirsten rat sarcoma 2 viral oncogene homolog (KRAS).

The Group intends to proactively explore and enter into strategic and synergistic partnerships with leading multinational corporations (MNCs), as exemplified by the collaboration with AbbVie for its innovative, allosteric Src homology region 2 domain-containing phosphatase-2 (SHP2) inhibitors. Such partnerships pool complementary expertise and resources to increase the chances of success for its drug candidates.

The Group owned one granted patent in China, one granted patent in Australia, three granted patents in Taiwan (China), one granted patent in Japan, and 63 pending patent applications.

With respect to its Core Product, JAB-3068, the Group owned one granted patent in Australia, one granted patent in Taiwan (China), one granted patent in Japan and 18 patent applications. The key patent applications of JAB-3068 were still pending in major markets including China and the U.S.

To prepare for late-stage clinical development of SHP2 inhibitors, the Group cooperates with a third party to construct new with a total gross floor area of around 20,000 sq.m. in Beijing, China. The commercial-scale manufacturing facilities are currently under construction. It is estimated that the construction and fit-out of the manufacturing facilities will be completed by the end of 2023.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureHealth Care
Websitewww.jacobiopharma.com
Board Lot300
Registrar & Transfer OfficeComputershare Hong Kong Investor Services
GLOBAL OFFERING
No. of Offer Shares96.48m shares
No. of International Offer Shares86.83m shares
No. of HK Offer Shares9.65m shares
Offer Price$12.00 - $14.00
Nominal ValueUS$ 0.0001 each
Stock Code1167
Joint SponsorsGoldman Sachs (Asia), China International Capital Corporation Hong Kong Securities
Joint Global CoordinatorsGoldman Sachs (Asia), China International Capital Corporation Hong Kong Securities
Joint Bookrunners and Joint Lead ManagersGoldman Sachs (Asia), China International Capital Corporation Hong Kong Securities
TIME TABLE
Application PeriodDec 9 (Wed) - Noon, Dec 14 (Mon)
Price Determination DateOn or Before 5pm, Dec 14 (Mon)
Result Announcement DateOn or Before Dec 18 (Fri)
Dispatch of Shares and Refund ChequesOn or Before Dec 18 (Fri)
Dealings in Shares commence onDec 21, 2020. (Mon)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
DIRECTORS
ExecutiveWang Yinxiang (Chairman), Wang Xiaojie, Hu Shaojing
Non-ExecutiveFeng Ting, Tang Yanmin, Lyu Dong, Chen Te-li
Independent Non-ExecutiveSong Ruilin , Wu Ge , Cai Daqing,Wu Xiaoming
MAJOR SHAREHOLDERS
Director Yinxiang Wang36.48%
Center Laboratories15.64%
Yi Shi6.75%
Hillhouse Capital Management7.49%
Qiming Venture Partners10.77%
INCOME STATEMENT (RMB'000)
(Year ended Dec 31)
2020 *20192018
Revenue---
Operating Profit(78,937)(194,170)(101,433)
Pre-Taxed Profit(810,904)(425,817)(155,935)
Attributable Profit for the period(810,896)(424,811)(149,212)
* For the six months ended June 30, 2020.
OFFER STATISTICS (HK$)
Offer Price$12.00 - $14.00
Capitalization$9,116m - $10,635m
Unaudited pro forma adj NAV / share$2.20 - $2.47
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $13.00, the net proceeds raised would be HK$1,170.5m, of which:
* $1030.1m (88.0%) to be used primarily for the clinical development and commercialization of the following products ;
* $93.6m (8.0%) to be used for construction of its in-house GMP-compliant manufacturing facility; and
* the balance of $46.8m (4.0%) as additional working capital.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
01167JACOBIO-Bdown14.560-1.020-6.547%
01672ASCLETIS-Bdown3.110-0.020-0.639%
01801INNOVENT BIOdown67.400-0.800-1.173%
01877JUNSHI BIOdown44.550-0.450-1.000%
01952EVEREST MED-Bdown33.400-0.600-1.765%
02142HBM HOLDINGS-Bdown8.800-0.390-4.244%
02552HUA MEDICINE-Bup4.1200.0902.233%
02616CSTONE PHARMA-Bdown9.870-0.290-2.854%
02696HENLIUSdown26.950-0.600-2.178%
03681SINOMAB BIO-Bunchange2.9000.0000.000%
06160BEIGENEup214.4001.0000.469%
06185CANSINOBIO-Bdown151.100-11.100-6.843%
06855ASCENTAGE-Bdown29.750-1.200-3.877%
06978IMMUNOTECH-Bup15.8000.5003.268%
06996ANTENGENE-Bdown10.960-0.080-0.725%
09926AKESO-Bdown45.000-2.000-4.255%
09966ALPHAMAB-Bdown17.100-1.900-10.000%
09969INNOCARE-Bdown18.420-0.620-3.256%
09995REMEGEN-Bdown100.000-3.500-3.382%
15-min delayed, last updated: 02/12/2021 17:59
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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