- Business
- Harbin Gloria Pharmaceuticals Co., Ltd. (002437.SZ) engages in the research, development, production, and sale of pharmaceutical products primarily in the People's Republic of China. Founded in 2000 and headquartered in Harbin, the company operates in the generic and specialty pharmaceuticals sector, with a diversified portfolio spanning multiple therapeutic areas including cardiac cerebrovascular medications such as sodium creatine phosphate for injection and amlodipine olmesartan ester tablets; skeletal muscle system drugs like cervus and cucumis polypeptide injection; vitamins and minerals including multivitamin injections and compound vitamin injections; urinary system medications; antitumor drugs such as fluorouracil for injection, cyclophosphamide for injection, and pingyangmycin hydrochloride for injection; endocrine medicines like sitagliptin metformin sustained-release tablets; anti-infective drugs including compound cefaclor capsules; respiratory medications; antihistamines; peptic ulcer treatments; and other products encompassing orthopedic medicines, rheumatology drugs, digestive system medicines, liver disease medications, gynecology medications, circulatory system drugs, pediatrics, uropoiesis and reproduction therapies, and immune regulation products. The company maintains production facilities certified by international standards and serves healthcare providers across China, with overseas sales contributing a minor portion of revenue.
Recent developments include the completion of an acquisition of an additional 10% stake in subsidiary Harbin Dandelion Pharmaceuticals Co., Ltd. from Harbin Hanjun; a CNY 100 million funding commitment to Guangzhou Gloria Biosciences Co., Ltd.; a planned CNY 200 million (approximately $27.5 million) acquisition of a 70% stake in Sheyang Zhenyang Hospital, marking entry into healthcare services; securing marketing rights for Eisai's mecobalamin injection; and a co-promotion agreement for a lipid-lowering drug. In 2024, the company reported chemical medicine sales of CNY 2.25 billion and traditional Chinese medicine sales of CNY 182 million, reflecting strategic expansion through epitaxial mergers, cooperative agents, independent R&D, and overseas introductions, alongside a pipeline of over 15 pharmaceutical candidates in clinical trials and oncology segment growth of 15% year-over-year.