JiuDian Pharmaceuticals: After the implementation of centralized purchasing, product prices have decreased, putting certain pressure on profit margins in the short term.

Jiudian Pharmaceutical stated during the specific object investigation that this centralized procurement requires all medical institutions in the country to prioritize the selected varieties and ensure the completion of the agreed purchase quantity. Lorsolofen sodium gel patch belongs to the company's mature products. Under the current procurement pricing mechanism, the profit margin will face a phased adjustment. After the implementation of centralized procurement, product prices will decrease, putting certain pressure on the gross profit margin in the short term. According to the current research and development progress, JIJ02 gel is expected to complete Phase I clinical trials in the first half of 2026 and initiate Phase II clinical trials.