31 Oct 2024 CMB International Global Markets | Equity Research | Company Update RemeGen (9995 HK) Strong sales in Q3, with a narrowed net loss In 3Q24, RemeGen achieved robust product sales, with revenue reaching a record high of RMB467mn (+14% QoQ, +35% YoY), driven by product sales of RC18 (~RMB270mn, +43% YoY) and RC48 (~RMB200mn, +25% YoY). Total revenue in 9M24 was RMB1,209mn (+57% YoY), representing approximately 73% of our previous FY24 estimate, aligning with our expectations. We are reassured that ...