


HLB
📌 What’s Inside
Verified Ownership Structure
Detailed mapping of subsidiaries, affiliates, and equity-method entities, with full accounting treatment (full consolidation vs equity-method) and operational relevance to pipeline or financial outcomes.Updated Financial Snapshot with USD Conversion
Q1 2025 financials converted to USD for global visibility. Includes cash runway estimation, asset/liability trend, and capital erosion analysis.Clinical Pipeline Validation (Cross-Checked)
Full audit of active trials with ClinicalTrials.gov verification. Identifies false or misleading sponsor claims, misattributed assets (e.g., rivoceranib), and terminated trials still cited as successes.Red Flag Matrix for Investors
Analyst-grade Risk Matrix highlighting operational drain points, cash burn, unreliable affiliates, and governance ambiguity.Regulatory & Ethical Concerns Highlighted
Observations on lack of transparency in clinical disclosure, risk of misleading public information, and structural opacity that may impact valuation or strategic partnerships.
Target Audience:
Venture Capital, Private Equity, Institutional Investors, Corporate Strategy Units, Due Diligence Teams
Utility:
Ideal for pre-investment screening, technical audit, risk modeling, and benchmarking against oncology portfolio assets.
📌 What’s Inside
Verified Ownership Structure
Detailed mapping of subsidiaries, affiliates, and equity-method entities, with full accounting treatment (full consolidation vs equity-method) and operational relevance to pipeline or financial outcomes.Updated Financial Snapshot with USD Conversion
Q1 2025 financials converted to USD for global visibility. Includes cash runway estimation, asset/liability trend, and capital erosion analysis.Clinical Pipeline Validation (Cross-Checked)
Full audit of active trials with ClinicalTrials.gov verification. Identifies false or misleading sponsor claims, misattributed assets (e.g., rivoceranib), and terminated trials still cited as successes.Red Flag Matrix for Investors
Analyst-grade Risk Matrix highlighting operational drain points, cash burn, unreliable affiliates, and governance ambiguity.Regulatory & Ethical Concerns Highlighted
Observations on lack of transparency in clinical disclosure, risk of misleading public information, and structural opacity that may impact valuation or strategic partnerships.
Target Audience:
Venture Capital, Private Equity, Institutional Investors, Corporate Strategy Units, Due Diligence Teams
Utility:
Ideal for pre-investment screening, technical audit, risk modeling, and benchmarking against oncology portfolio assets.