AnnJi Pharmaceutical Co., Ltd. (7754.TWO) operates as a clinical-stage biopharmaceutical company focused on developing first-in-class small molecule new chemical entities (NCEs) targeting neurology, dermatology, and inflammatory disorders; its pipeline includes AJ201, a nuclear factor E2-related factor 2 (Nrf2) activator oral suspension for treating neurodegenerative diseases such as spinal and bulbar muscular atrophy (SBMA); AJ302, a highly selective histone deacetylase 6 (HDAC6) inhibitor sustained-release injection for preventing and treating chemotherapy-induced peripheral neuropathy (CIPN); AJ202, a next-generation scalp topical androgen degradation promoter for male pattern baldness (androgenetic alopecia); AJ303, an anti-fibrotic and anti-inflammatory compound for idiopathic pulmonary fibrosis (IPF) and other fibrotic diseases; and AJ101, a topical cream androgen receptor degradation enhancer with anti-inflammatory and antioxidant properties for acne vulgaris. Founded in 2014 and headquartered at 16F.-6, No. 508, Sec. 7, Zhongxiao E. Rd., Nangang Dist., Taipei City, Taiwan, the company directs its innovative drug projects primarily toward high-unmet-need indications, including orphan drugs, with products targeted at European and American markets. In recent developments, AnnJi listed its shares on the Taipei Exchange (TPEX) in June 2024; licensed intellectual property rights for AJ201 to partner Avenue Therapeutics in February 2023, though Avenue received a notice of intent to terminate from AnnJi in March 2025; and advanced its pipeline with Phase 1 clinical trials for AJ302 expected around 2021 alongside ongoing preclinical and early clinical efforts for other candidates amid 2025Q2 financial reporting.