- Business
- Beijing Sun-Novo Pharmaceutical Research Co., Ltd. (688621.SS) provides comprehensive preclinical and integrated clinical research and development services to pharmaceutical companies, new drug research institutions, and biotechnology firms in China. Founded in 2009 and headquartered at Building 7, No. 79 Shuangying West Road, Science and Technology Park, Changping District, Beijing, the company operates primarily in the domestic market as a contract research organization (CRO). Its core services encompass drug discovery; pharmacology and pharmacodynamics studies; pharmacy research including raw drug preparation, structure confirmation, and dosage selection; clinical research covering medical, operational, data management, statistical analysis, risk management, and quality management services; bioanalysis via mass spectrometry, immunological, cell biology, and molecular biology platforms; and specialized platforms for external skin preparations, pediatric drugs, respiratory tract delivery, polypeptide drug design, genotoxic impurity detection, slow/controlled release preparations, and drug synthesis. The company also offers site management organization (SMO) services, pharmacovigilance, medical writing, TMF document management, quality control, and registration support for chemical drugs, biological products, and medical devices, with a focus on generic drugs, innovative drugs, consistency evaluations, and therapeutic areas such as analgesia, nephropathy, tumors, cardiovascular, and antimicrobials. In recent developments, the company reported 2024 revenue of 1.078 billion yuan, driven by 41% growth in its clinical trial and bioanalysis segment to 512 million yuan, alongside new orders of 1.786 billion yuan and a backlog of 3.273 billion yuan; increased R&D investment to 172 million yuan (15.94% of revenue) supporting over 430 projects including 89 self-developed ones; announced a 100 million yuan share buyback in December 2024; agreed in May 2025 to acquire Jiangsu Langyan Life Technology Holdings Co., Ltd.; and plans in November 2025 to divest its 70% stake in loss-making subsidiary Shanghai Measurable Data.