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YS Biopharma Co., Ltd. Ordinary Shares - YS STOCK NEWS

Welcome to our dedicated page for YS Biopharma Co., Ltd. Ordinary Shares news (Ticker: YS), a resource for investors and traders seeking the latest updates and insights on YS Biopharma Co., Ltd. Ordinary Shares stock.

YS Biopharma Co., Ltd. (Nasdaq: YS) is a global biopharmaceutical company focused on discovering, developing, manufacturing, and delivering next-generation vaccines and therapeutic biologics for infectious diseases and cancer. Operating in China, the United States, Singapore, and the Philippines, YS Biopharma leverages its proprietary PIKA® immunomodulating technology platform to create innovative solutions for diseases such as rabies, coronavirus, hepatitis B, influenza, and shingles.

The company recently announced changes to its board of directors and key strategic appointments within its wholly-owned subsidiaries in China. Notable changes include the resignation of Mr. Bo Tan and Mr. Shaojing Tong from the board and the appointment of Ms. Chunyuan Wu as the new legal representative and executive director of Beijing Yisheng Biotechnology Co., Ltd.

YS Biopharma is also making significant strides in its financial performance, having fully repaid a $40,000,000 loan, which enhances its financial strength and flexibility. The company continues to advance its product pipeline, achieving positive interim results from a Phase 3 clinical trial of its PIKA Rabies Vaccine, which promises accelerated protection and a shorter regimen compared to conventional vaccines.

In terms of financial health, YS Biopharma reported revenues of RMB438.1 million ($61.9 million) for the first nine months of fiscal 2024. Despite challenges such as supply chain disruptions, the company maintained strong market leadership in rabies vaccines in China, with an estimated double-digit year-over-year growth in product sales during the fourth quarter of fiscal 2024.

Additionally, the company's YS-HBV-002 immunotherapeutic vaccine for chronic hepatitis B virus (HBV) infection received clinical trial approval from the Philippine FDA, with a Phase I clinical trial set to begin in June 2024.

YS Biopharma recently announced it would change its legal name to LakeShore Biopharma Co., Ltd., effective May 28, 2024, to better align with its global market positioning. The company's ordinary shares and warrants will continue to trade on Nasdaq under the new ticker symbols 'LSB' and 'LSBPW', respectively.

For more detailed information, visit investor.ysbiopharma.com.

Rhea-AI Summary

YS Biopharma announced a name change to LakeShore Biopharma, effective May 24, 2024. This rebranding aims to align with the company's global market positioning. The ticker symbol on Nasdaq will change from 'YS' to 'LSB' starting May 28, 2024. Shareholders' rights and the company's financial position remain unaffected. The CUSIP number will also stay the same.

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YS Biopharma has announced the results of its Extraordinary General Meeting (EGM) held on May 21, 2024, in Hong Kong. Key resolutions passed include renaming the company to LakeShore Biopharma and appointing new directors Dave Chenn, Chunyang Shao, Zengjun Xu, Thomas Xue, and Adam Zhao. Additionally, the 2024 Share Incentive Plan was approved, and previous resolutions from the February 22, 2024 meeting were reaffirmed. The company is updating its records with the Cayman Islands Registrar and working with Nasdaq to update its trading symbols.

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YS Biopharma, a global biopharmaceutical company, will hold an Extraordinary General Meeting on May 21, 2024, to change its name to LakeShore Biopharma and appoint new directors. Mr. Dave Chenn has been appointed as the Interim CEO with vast experience in technology, finance, and healthcare sectors.

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YS Biopharma has received an additional 180-day extension from Nasdaq to regain compliance with the minimum bid price rule. The company did not meet the $1.00 bid price requirement and now has until October 21, 2024, to demonstrate compliance. Failure to do so may result in delisting.

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YS Biopharma announces unaudited financial results for the first nine months of fiscal year 2024, highlighting revenue decline due to supply chain disruptions but increased gross margin. Positive clinical trial results for next-generation rabies vaccine and approval for immunotherapeutic vaccine in the Philippines signal growth opportunities. The Company focuses on operational enhancements, cost controls, and future product commercialization to drive shareholder value.
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YS Biopharma has been granted approval by the Philippine Food and Drug Administration to conduct a Phase I clinical trial for its YS-HBV-002 immunotherapeutic vaccine for chronic hepatitis B virus infection. The vaccine aims to address the significant unmet medical need for effective therapies for chronic HBV patients, with the trial expected to begin in June 2024.
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YS Biopharma to report first nine months of fiscal year 2024 financial results on April 19, 2024
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YS Biopharma Co., announces positive interim results from the Phase 3 Trial of its PIKA Rabies Vaccine, showing potential for accelerated protection in a 7-day regimen. The vaccine, utilizing proprietary technology, demonstrated superior immunogenicity and safety compared to existing vaccines, with a higher seroconversion rate by Day 7. The Trial involves 4,500 participants and aims to replace conventional 3-4 week regimens with a shorter treatment period.
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YS Biopharma Co., (Nasdaq: YS) announced the full repayment of a US$40,000,000 loan, enhancing its financial position and flexibility. The repayment removes royalty obligations, allowing the company to focus on executing its business plan and improving its capital structure.
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YS Biopharma Co., Ltd. announces changes to its board of directors and key strategic appointments in China. Two directors resign, new appointments made within subsidiaries. The Board now consists of ten directors, including key members. Senior officers also appointed, outlining key roles.
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FAQ

What is the current stock price of YS Biopharma Co., Ltd. Ordinary Shares (YS)?

The current stock price of YS Biopharma Co., Ltd. Ordinary Shares (YS) is $1.02 as of May 24, 2024.

What is the market cap of YS Biopharma Co., Ltd. Ordinary Shares (YS)?

The market cap of YS Biopharma Co., Ltd. Ordinary Shares (YS) is approximately 192.1M.

What does YS Biopharma specialize in?

YS Biopharma specializes in discovering, developing, manufacturing, and delivering vaccines and therapeutic biologics for infectious diseases and cancer.

Where does YS Biopharma operate?

YS Biopharma operates in China, the United States, Singapore, and the Philippines.

What is the PIKA® technology platform?

The PIKA® technology platform is YS Biopharma's proprietary immunomodulating technology used to develop next-generation vaccines and biologics.

What recent changes have been made to the board of directors?

Mr. Bo Tan and Mr. Shaojing Tong have resigned from the board, and Ms. Chunyuan Wu has been appointed as the new legal representative and executive director of Beijing Yisheng Biotechnology Co., Ltd.

What are the latest financial achievements of YS Biopharma?

YS Biopharma recently fully repaid a $40,000,000 loan and reported revenues of RMB438.1 million ($61.9 million) for the first nine months of fiscal 2024.

What are the key products in YS Biopharma's pipeline?

Key products include the PIKA Rabies Vaccine, PIKA YS-ON-001, and the YS-HBV-002 immunotherapeutic vaccine for chronic hepatitis B.

Has YS Biopharma received any recent regulatory approvals?

Yes, YS Biopharma's YS-HBV-002 vaccine received clinical trial approval from the Philippine FDA.

What is the new name of YS Biopharma?

The new name of YS Biopharma is LakeShore Biopharma Co., Ltd.

Will the ticker symbol of YS Biopharma change?

Yes, the ticker symbol will change to 'LSB' for ordinary shares and 'LSBPW' for warrants, effective May 28, 2024.

How can I get more information about YS Biopharma?

For more information, visit the company's investor relations website at investor.ysbiopharma.com.

YS Biopharma Co., Ltd. Ordinary Shares

Nasdaq:YS

YS Rankings

YS Stock Data

192.09M
188.33M
81.43%
2.85%
0.02%
Biotechnology
Healthcare
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United States of America
Beijing