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TYK Medicines, Inc. Class H ( (HK:2410) ) just unveiled an announcement.
TYK Medicines, Inc is in discussions for a potential master distribution agreement with Sichuan Huichenxin Pharmaceutical Co., Ltd., a subsidiary of Sichuan Huiyu Pharmaceutical Co., Ltd., for its core product, TY-9591, in mainland China. This arrangement aims to leverage Sichuan Huichenxin’s extensive sales network to boost sales and revenue, enhance market penetration, and strengthen TYK Medicines’ brand image. The agreement, if finalized, could significantly impact the company’s operations by reducing costs associated with setting up new sales channels and increasing its market presence.
The most recent analyst rating on (HK:2410) stock is a Buy with a HK$31.60 price target. To see the full list of analyst forecasts on TYK Medicines, Inc. Class H stock, see the HK:2410 Stock Forecast page.
More about TYK Medicines, Inc. Class H
TYK Medicines, Inc is a joint stock company incorporated in the People’s Republic of China, focusing on the development of pharmaceutical products. Its core product, TY-9591, is a tyrosine kinase inhibitor designed to treat lung cancer with epidermal growth factor receptor mutations, demonstrating significant efficacy in patients with brain metastases.
Average Trading Volume: 5,523,867
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$5.87B
See more insights into 2410 stock on TipRanks’ Stock Analysis page.