- Business
- Tibet Weixinkang Medicine Co., Ltd. engages in the research, development, production, and sale of chemical pharmaceutical preparations and their active pharmaceutical ingredients in China. The company specializes in parenteral nutrition and related products, including multivitamins for injection (12), pediatric multivitamin injection (13), multi-trace element injection, compound electrolyte injection (V), mixed sugar electrolyte injections, potassium magnesium aspartate injection, potassium aspartate injection, iron sucrose injection, injectable acetylcysteine solution for inhalation, compound amino acid injections, antibiotics, and medicines for digestive system and liver diseases; it also provides pharmaceutical marketing services. Founded in 2006 and headquartered in Lhasa, Tibet Autonomous Region, the company operates primarily in the domestic market through a network covering over 3,000 secondary and above-level medical institutions, with 11 to 13 subsidiaries in locations including Beijing, Inner Mongolia, Hainan, Jiangsu, and Hong Kong. Tibet Weixinkang Medicine Co., Ltd., formerly known as Weixinkang Medicine Youxian Gongsi, changed its name in 2015 and listed on the Shanghai Stock Exchange mainboard (603676.SS) in 2017. In recent developments, the company announced a share repurchase program in 2024 for up to CNY 30 million at a price not exceeding CNY 12.12 per share; it received market approval for dopamine hydrochloride injection to treat shock syndromes; and participated in the 89th National Drug Transaction Fair in Wuhan in November 2024, showcasing key parenteral nutrition products amid ongoing R&D expansion with over 40 projects in development, 15 invention patents, and 17 new drug certificates obtained since 2015.