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To-be Listed
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
Minieye Tec
02431.HK
Application Software 17-20.2 200 4,081 2024/12/20 2024/12/24 2024/12/27
Xunfei Healthcare
02506.HK
Application Software 82.8 50 N/A 2024/12/23 2024/12/27 2024/12/30
InnoScience
02577.HK
Semiconductors & Semiconductor Equipment 30.86-33.66 100 3,400 2024/12/23 2024/12/27 2024/12/30
HealthyWay
02587.HK
Health Care Services 7.8-8.8 500 4,444 2024/12/23 2024/12/27 2024/12/30
Summary
We operate online professional physician platforms in China. As of December 31, 2022, our platform had approximately 2.9 million registered physician users and our average MAU reached approximately 2.7 million in 2022. Our MedSci platform also features a high percentage of experienced physicians with the title of associate-chief physician (副主任醫師) and above. As of December 31, 2021, the total number of registered physician users on our MedSci platform who had the title of associate-chief physician and above represented 67.1% of the total number of physicians in China who had obtained the title of associate-chief physician and above, based on the latest published information from the NHC. Our MedSci platform is accessible through multiple channels such as website, mobile application, WeChat mini-program and WeChat public account. While key functions of the MedSci platform are self-developed by us, third parties, primarily pharmaceutical and medical device companies, also provide ancillary support, such as academic medical contents they created or copyrighted.

As illustrated by the diagram below, we mainly provide physician platform solutions, precision omni-channel marketing solutions and RWS solutions to our customers. We believe such solution offerings can help generate and share meaningful medical evidence to a wider physician community and help guide prescription decisions of physicians in order to promote the rational use of medical products and deliver better value and care to patients. We are committed to solidifying our position as a platform-based, professional-knowledge-oriented and digitalized med-tech company and aspire to enhance the overall quality of patients’ healthcare through the value offered by generating and sharing medical evidence.

Our solution offerings address the needs and demands of our customers. Our main businesses cover:

‧Precision Omni-channel Marketing Solutions. Benefiting from our large physician user base and high percentage of experienced physician users, we believe we are the platform of choice for pharmaceutical and medical device companies to conduct digital marketing. During the Track Record Period, we primarily generated revenue from the provision of precision omni-channel marketing solutions to pharmaceutical and medical device companies.

Precision Detailing Services. Aided by our academic medical expertise and big data capabilities, we deliver academic medical contents designed in collaboration with pharmaceutical and medical device companies as well as other relevant academic medical contents to target groups of physicians through our MedSci platform based on criteria specified by pharmaceutical and medical device companies accurately and cost-effectively.

Medical Content Creation Services. Enabled by academic medical expertise, we offer medical content creation services through which we design customized highly professional academic medical contents, primarily on products from pharmaceutical and medical device companies based on the stage of the relevant product’s life cycle, its competitive position, the prescription patterns of target physicians and other relevant factors. We may either deliver the academic medical contents created directly on our MedSci platform or in other channels, such as in offline conferences held, through precision detailing services as specified by our customers.

Online Survey Services. We offer online survey services to pharmaceutical and medical device companies by providing a customized electronic survey that targets specific groups of physicians on our MedSci platform based on the specialty, academic background, seniority, interest, geographical location and other factors requested specifically by pharmaceutical and medical device companies. Our survey questionnaires are carefully designed to gauge physicians’ attitudes towards specified products such that pharmaceutical and medical device companies can gain meaningful insights on physicians’ perceptions on medical products. As a result, such pharmaceutical and medical device companies can, with the results from our online survey services, optimize their products and marketing strategies to improve sales.

See ‘‘Business — Our Value Propositions — Value Propositions to Pharmaceutical and Medical Device Companies’’ and ‘‘Business — Our Value Propositions — Value Propositions to Physicians’’ for additional benefits of our precision omni-channel marketing solutions for pharmaceutical and medical device companies and physicians.

‧Physician Platform Solutions. Our physician platform solutions primarily include medical knowledge services through which we provide the latest medical knowledge information to physicians and clinical study assistance services through which we support physicians during their clinical studies.

Medical Knowledge Services. Our MedSci platform provides a setting for physicians to learn and share the latest medical knowledge information and medical evidence in the healthcare market. We offer and screen useful information from various sources and are committed to accurately delivering quality and targeted academic medical contents to physicians, saving their time and efforts required to filter medical knowledge information. See ‘‘Business — Our Value Propositions — Value Propositions to Physicians’’ for additional benefits of our medical knowledge services to physicians. As of December 31, 2022, our platform featured over 15,800 videos that share medical knowledge, covered over 644,000 research findings, created approximately 195,000 materials on the latest medical development and established over 127,500 online discussion forums for physicians to exchange cases and research findings. Most of the contents on our MedSci platform are offered free of charge and we charge physician users subscription fees or per-download fees only for certain premium contents.

Clinical Study Assistance Services. We also provide clinical study assistance to physicians in their investigator-initiated trials (‘‘IITs’’) and other non-registered clinical trials. While certain documentation, such as the protocols we helped designed, are delivered through email directly, our clinical study assistance services are primarily delivered through our MedSci platform by providing required software tools, offering supporting analysis and giving insights on academic medical papers in designated interfaces within our MedSci platform pursuant to our agreements with our physician customers. Physicians can easily access deliverables and track progress of our services by using our MedSci platform. See ‘‘Business — Our Value Propositions — Value Propositions to Physicians’’ for additional benefits of our clinical study assistance services to physicians.

‧RWS Solutions. Our RWS solutions primarily involve offering real-world evidence-based research to pharmaceutical and medical device companies regarding their products’ safety and effectiveness. We help design overall RWS protocols, provide assistance in recruiting and obtaining ethical approvals from participating physicians, researchers and hospitals and generate meaningful insights that can improve the understanding of not only the products being studied, but also the diseases generally, in order to provide our customers with information to potentially help them expand the respective indications of their products. Furthermore, our RWS solutions can also form the basis of academic medical contents that are meaningful for physicians, enabling pharmaceutical and medical device companies to better market their medical products with more information and data collected during RWS. See ‘‘Business — Our Value Propositions — Value Propositions to Pharmaceutical and Medical Device Companies’’ for additional benefits of our RWS solutions to pharmaceutical and medical device companies. Our RWS solutions include assisting pharmaceutical and medical device companies in designing RWS protocols, administrating the project operation, collecting, assessing and analyzing the clinical or real-world data obtained and transforming findings discovered into rigorous academic materials. While documentations generated during RWS solutions may be provided through emails, tools offered as part of our RWS solutions, such as iClinical Station, ePRO and eDiary, are delivered through our MedSci platform. Moreover, leveraging the large physician user base, we can efficiently help pharmaceutical and medical device companies locate physicians and medical institutions that are suited for their RWS.

‧Other Products and Services. We are in the process of launching various other products and services, to physicians, hospitals and non-profit organizations. For instance, we intend to offer (i) digital therapy programs, which are expected to be launched between 2023 and 2025, for the clinical treatment of insomnia, (ii) VR diagnosis products, which are expected to be launched in the fourth quarter of 2023, through which physicians can better use their time in the clinical study of rare diseases, (iii) prognosis modelling services, which are expected to be launched in the fourth quarter of 2023, on complications for rare diseases such that early prevention measures can be taken and (iv) chronic disease management services, which are expected to be launched in the fourth quarter of 2023, that facilitate better treatment outcomes for patients. We intend to receive relevant service fees or subscription fees from our customers for the other products and services provided. We intend to deliver the above mentioned other products and services on our MedSci platform as digital tools. See ‘‘Business — Our Business Services — Other Products and Services’’ for more details.



Source: MedSci Healthcare (02415) Prospectus (IPO Date : 2023/04/17)
Listing Market MAIN
Industry Health Care Services
Background Others
Major Business Area N/A
Corporate Information
Substantial Shareholders Li Xinmei (56.50%)
Hu Xubo & Associates (10.87%)
Meiyue Limited (6.89%)
[00700] Tencent Holdings Limited (6.21%)
Directors Zhang Fabao (Chairman and Executive Director)
Wang Shuai (Vice President and Co-Chief Executive Officer and Executive Director)
Li Xinmei (Chief Executive Officer and Executive Director)
Cheng Liang (Executive Director)
Yan Shengfeng (Non-Executive Director)
Wang Xin (Non-Executive Director)
Lau Yiu Kwan Stanley (Independent Non-Executive Director)
Liu Tao (Independent Non-Executive Director)
Yu Mingyang (Independent Non-Executive Director)
Company Secretary Kwan Sau In
Yang Chun
Principal Bankers China Merchants Bank
China Construction Bank Corporation
China Everbright Bank
Bank of Shanghai
CMB Wing Lung Bank Limited
Solicitors Commerce & Finance Law Offices
Eric Chow & Co. in Association with Commerce & Finance Law Offices
Auditors Ernst & Young
Registered Office 5th Floor, Manulife Place, 348 Kwun Tong Road, Kowloon, Hong Kong
Share Registrars Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No (852) 2980-1333
Internet Address http://ir.medsci.cn
Email Address ir@medsci.cn
Tel No (86 21) 5448-0588
Fax No
 
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