China deal..... Fukang Ren?, page-39

Bread, you don't seem to understand one very important aspect of this: They are mainly producing, researching, distributing for OTHER companies. They have some own developments. But their main focus is not to develop their own drugs. It says so on their website. Clearly. They are mainly a pharma SERVICE company.

They produce/sell active ingredients (API), pallets, laboratory assets (like lab mice), all sorts of pharmaceutical stuff. They distribute drugs for other companies. They execute R&D for other companies. They produce generic drugs for the Chinese market and for other companies. Et cetera.



Fukangren is a company that (mostly) works in the background or in collaborations. At their core they are a service provider.

I honestly think that it's really very obvious.