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China Medical System's turnover fell 6.8% in 2024, but sales of innovative drugs rose 4.1%, driving future growth plans.
China Medical System (CMS) saw a 6.8% drop in 2024 turnover to RMB7,469 million due to National Volume Based Procurement.
However, sales of exclusive and innovative drugs rose 4.1% to RMB4,551 million, accounting for 52.8% of total revenue.
CMS submitted NDAs for two new drugs, including one for vitiligo, and has nearly 40 innovative pipeline products.
The company is also expanding its Southeast Asia business and focusing on global first-in-class and best-in-class drugs to drive future growth.
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El volumen de negocios del Sistema Médico de China cayó un 6,8% en 2024, pero las ventas de medicamentos innovadores aumentaron un 4,1%, impulsando futuros planes de crecimiento.