Mercury Biopharmaceutical Corporation (6932.TWO), also known as Merdury Biopharmaceutical Corporation, engages in the development of specialty pharmaceuticals addressing unmet medical needs through innovative drug delivery technologies in Taiwan. The company develops the proprietary StackDose platform, which enables precise time-controlled dissolution, site-specific absorption, and adjustable dosages to improve bioavailability, reduce active pharmaceutical ingredient quantities, and minimize side effects; it focuses on rapid-acting and specialty drugs targeting erectile dysfunction, pulmonary hypertension, sleep disorders, benign prostatic hyperplasia, angina pectoris, migraine, anti-hypertension, and analgesics. Founded in 2019 and headquartered at 15F, No. 653-1, Bannan Road, Zhonghe District, New Taipei City, Taiwan, the company operates primarily in the pharmaceuticals and biotechnology sector, with its shares listed on the Taipei Exchange since December 2022. Merdury positions itself as a global leader in 3D powder printing pharmaceutical technology, evolving its branding from Mercury to Merdury to emphasize advancements in this area and support its mission of delivering innovative medicines inspired by the messenger god Hermes. The company maintains a focus on difficult generic drugs and second-class new drugs without reported major acquisitions, partnerships, funding rounds, or product launches in the past 1-2 years, concentrating instead on platform maturation and pipeline progression under CEO Yaoren Liang.