HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

Equity Capital Markets

Hangzhou Sciwind Biosciences / Equity Capital Markets

<ul>
<li>Competition in the entire GLP-1 market is constantly intensifying and evolving, which is expected to shift from the current focus solely on BMI indicators to a comprehensive patient-centered management model.</li>
<li>XW003 faces the challenge of head-to-head trials with competing drugs. There could be uncertainties in future clinical trials of XW004, XW014. Commercialization is a tough task for Sciwind’s GLP-1 pipeline.</li>
<li>The total peak sales of XW003, XW004 and XW014 could be RMB5-7 billion. Valuation of Sciwind could be lower than peers such as <a href="https://www.smartkarma.com/entities/innovent-biologics-inc" target="_blank" data-smartkarma-citation="entities:27452:1" rel="noopener">Innovent Biologics (1801 HK), </a><a href="https://www.smartkarma.com/entities/guangzhou-innogen-pharmaceutical-group-co-ltd" target="_blank" data-smartkarma-citation="entities:44142:1" rel="noopener">Innogen (2591 HK).</a>  </li>
</ul>


Competition in the entire GLP-1 market is constantly intensifying and evolving, which is expected to shift from the current focus solely on BMI indicators to a comprehensive patient-centered management model.
XW003 faces the challenge of head-to-head trials with competing drugs. There could be uncertainties in future clinical trials of XW004, XW014. Commercialization is a tough task for Sciwind’s GLP-1 pipeline.
The total peak sales of XW003, XW004 and XW014 could be RMB5-7 billion. Valuation of Sciwind could be lower than peers such as Innovent Biologics (1801 HK), Innogen (2591 HK).  


Pre-IPO Hangzhou Sciwind Biosciences - Thoughts About the Industry and The GLP-1 Pipeline

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Hangzhou Sciwind Biosciences (HSB HK)

Pre-IPO Hangzhou Sciwind Biosciences - Thoughts About the Industry and The GLP-1 Pipeline

Due to fierce competition, Sciwind's pipeline face challenges in head-to-head trial/commercialization.Peak sales of XW003/XW004/XW014 estimated at...

Xinyao (Criss) Wang

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