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China is already a major producer of steroids, the market prospects are good

(Summary description)Saito Bio (300583) IPO and listing on the GEM online roadshow was held on the Panorama Network on Monday morning. The company’s chairman and general manager Mi Chaojie introduced at the event that the major foreign manufacturers of steroid drugs are a few large multinational pharmaceutical companies, including Pfizer, Bayer, Merck, Sanofi-Aventis, etc.

China is already a major producer of steroids, the market prospects are good

(Summary description)Saito Bio (300583) IPO and listing on the GEM online roadshow was held on the Panorama Network on Monday morning. The company’s chairman and general manager Mi Chaojie introduced at the event that the major foreign manufacturers of steroid drugs are a few large multinational pharmaceutical companies, including Pfizer, Bayer, Merck, Sanofi-Aventis, etc.

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Saito Bio (300583) IPO and listing on the GEM online roadshow was held on the Panorama Network on Monday morning. The company’s chairman and general manager Mi Chaojie introduced at the event that the major foreign manufacturers of steroid drugs are a few large multinational pharmaceutical companies, including Pfizer, Bayer, Merck, Sanofi-Aventis, etc. Due to my country's obvious cost advantages, continuous improvement of production technology, and continuous improvement of the competitiveness and market share of API manufacturers, international pharmaceutical giants have begun to make strategic adjustments and gradually withdraw from the production of some APIs, which has promoted the industrial transfer of global steroid drug production , China has gradually become the world's steroid drug production center. As the second largest class of drugs in the world's drug family, steroid drugs have a growth rate second only to antibiotics, and they present a good market prospect in the development of the global pharmaceutical market. At present, my country has become a major producer of steroid drugs. The annual output of steroid drugs in my country accounts for about 1/3 of the world's total output. The production capacity and actual output of corticosteroid raw materials are ranked first in the world. According to the prediction of European drug experts: within the next 20 years, the market size of steroid drugs will still show a significant upward trend, and the demand for their products will increase.

The chairman and general manager of the company, Mi Chaojie, introduced at the event that after using genetic engineering technology to improve strains, Seto Biotechnology has carried out technological innovations on the original domestic microbial transformation technology, which has greatly improved the domestic biopharmaceutical technology industry. Average. The company uses genetic engineering technology to transform the high-yielding strains used in biopharmaceuticals, which can partially or completely replace traditional chemical synthesis routes, and realize the large-scale application of biopharmaceutical technology in the domestic steroidal drug field, which reduces production costs and reduces The use of toxic and harmful substances reduces environmental pollution.

Bai Rongdian, secretary of the company’s board of directors, introduced at the event that the company has mastered fermentation and extraction technologies with high conversion rates through independent research and development. With the above technical advantages, the company has a strong cost advantage in the market competition of steroidal drug raw materials. With the improvement of technical strength and the gradual manifestation of scale effect, during the reporting period, the unit cost of the company's products showed a downward trend year by year, and the competitive advantage was obvious.

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