3SBio, Inc. (ADR) (NASDAQ:SSRX)
The Company is engaged in the research, development, manufacture and distribution of pharmaceutical products in the China.
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IPO on Nasdaq in February, with proposed range of $12 to $14 / share. Initial Offering exceeded expectations at $16 per share, subsequently climbing to $18.
CIBC World Markets is predicting earnings for 3SBio will quadruple by 2009, with profit of $1.13 per share at that time, up from 27 cents in 2006.
SSRX's main revenue producer is EPIAO, which is used to treat anemia associated with chemotherapy and kidney dialysis. CIBC believes the market for this drug is underserved in China, with much room to grow.
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lots of aging people need advancing biotech
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52% LT growth china leading biotech
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China growh, stable revenues/earnings.
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A leading biotech firm in China, with four products in hand. How many biotech firms have that many products here in the US? A very small number of firms such as Amgen, DNA and Gilead. The flagship product is a mimic of Amgen's EPO, for sure it will deliver huge increase of sell. With market cap is only less than 300 Mill, we should see it goes up to 3 Bill in several years. Lets see it plays in the next 6 months.
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In the very short-term this stock freaks me out. Beyond the next 1-2 weeks the China scare will lessen and the price will soar like the population.
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The products made and sold by 3Sbio in China are similar to blockbuster meds sold by Amgen. I suspect China will allow continued sales (company has been in existence sine 1994) and the marked for a "home grown" chinese product may well be a sales plus when competing against Amgen products there in China.
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Leading biotech firm of China. Great growth potential. Similar to Amgen. We should see triple of value in several months.
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