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3SBio Inc. (SSRX - Snapshot Report) is a China-based biotech company focused on developing and marketing therapeutics for nephrology, oncology and cancer supportive care. The company's flagship product EPIAO is the number 1 brand in China's EPO [erythropoietin] market.
Its second lead product TPIAO has gained rapid physician acceptance for thrombocytopenia and is making a meaningful contribution to the company's top line growth. Recent deal with US-based AMAG Pharmaceuticals Inc. (AMAG - Snapshot Report) will boost its expansion into IV Iron market.
We believe shares of 3SBio are undervalued and are attractive at current levels. We maintain a Buy rating with a price target of $10.
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| Market Summary | Nov 26, 2009 12:09 pm ET |
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