1. Treasury Stock Disposal: What Happened?

Koryo Pharmaceutical announced the disposal of 221 treasury shares to provide incentives for retiring employees. As this is a transfer of shares, not a monetary transaction, the short-term impact on the stock price is expected to be minimal.

2. Koryo Pharmaceutical’s Fundamentals: A Closer Look

Positive Factors

  • ✅ Expansion into new businesses, including the health functional food market
  • ✅ Development of new drugs, such as a combination therapy for dementia
  • ✅ Increased R&D investment securing future growth engines
  • ✅ Stable financial structure with a 0% debt ratio

Negative Factors and Risks

  • ❌ Poor performance in Q1 2025
  • ❌ Litigation risk related to choline alfoscerate
  • ❌ Volatility in raw material prices and foreign exchange risk
  • ❌ Deteriorating market conditions, including a global economic slowdown

3. What Should Investors Do?

Long-Term Investors

Long-term investors can consider investing with a focus on the growth potential of new businesses and R&D achievements. Continuous monitoring of pipeline progress and earnings improvement is crucial.

Short-Term Investors

Given the existing uncertainties such as sluggish performance and litigation risks, short-term investors should be mindful of potential stock price volatility. It is advisable to make investment decisions cautiously after confirming earnings improvement and risk resolution from Q2 onwards.