Everest Medicines Management

Management criteria checks 2/4

Everest Medicines' CEO is Rogers Luo, appointed in Sep 2022, has a tenure of 2.17 years. total yearly compensation is CN¥30.72M, comprised of 23.5% salary and 76.5% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth HK$37.99M. The average tenure of the management team and the board of directors is 2.4 years and 3.2 years respectively.

Key information

Rogers Luo

Chief executive officer

CN¥30.7m

Total compensation

CEO salary percentage	23.5%
CEO tenure	2.2yrs
CEO ownership	0.3%
Management average tenure	2.4yrs
Board average tenure	3.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rogers Luo's remuneration changed compared to Everest Medicines's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-CN¥1b
Mar 31 2024	n/a	n/a	-CN¥949m
Dec 31 2023	CN¥31m	CN¥7m	-CN¥844m
Sep 30 2023	n/a	n/a	-CN¥424m
Jun 30 2023	n/a	n/a	-CN¥3m
Mar 31 2023	n/a	n/a	-CN¥125m
Dec 31 2022	CN¥8m	CN¥2m	-CN¥247m

Compensation vs Market: Rogers's total compensation ($USD4.24M) is above average for companies of similar size in the Hong Kong market ($USD487.65K).

Compensation vs Earnings: Rogers's compensation has increased whilst the company is unprofitable.

CEO

Rogers Luo (54 yo)

2.2yrs

Tenure

CN¥30,722,000

Compensation

Mr. Yongqing Luo, also known as Rogers, is CEO & Executive Director of Everest Medicines Limited from September 19, 2022. He was President and General Manager of Greater China at Brii Biosciences Limited a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Fu Wei	Executive Chairman	7.3yrs	no data	0.59% HK$ 74.0m
Yongqing Luo	CEO & Executive Director	2.2yrs	CN¥30.72m	0.30% HK$ 38.0m
Ian Ying Woo	CFO, President & Executive Director	6.4yrs	CN¥18.46m	0.063% HK$ 7.8m
Jason M. Brown	Chief Business Officer	5.3yrs	no data	no data
Wei Yang	Chief Scientific Officer	3.6yrs	no data	no data
Steve Xu	Chief Legal & Compliance Officer	less than a year	no data	no data
Rico Liang	Chief Product Officer	less than a year	no data	no data
Sandra Zeng	Chief Medical Officer	less than a year	no data	no data
Yee Wa Lau	Joint Company Secretary	no data	no data	no data
Leah Liu	Joint Company Secretary & VP of Corporate Affairs	2.7yrs	no data	no data

2.4yrs

Average Tenure

51yo

Average Age

Experienced Management: 1952's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Fu Wei	Executive Chairman	7.3yrs	no data	0.59% HK$ 74.0m
Yongqing Luo	CEO & Executive Director	2.2yrs	CN¥30.72m	0.30% HK$ 38.0m
Ian Ying Woo	CFO, President & Executive Director	5.9yrs	CN¥18.46m	0.063% HK$ 7.8m
Yifan Li	Independent Non-Executive Director	4.2yrs	CN¥401.00k	no data
Ki Chul Cho	Non-Executive Director	less than a year	no data	no data
Shidong Jiang	Independent Non-Executive Director	4.2yrs	CN¥401.00k	no data
Hoi Yam Chui	Independent Non-Executive Director	1.8yrs	CN¥352.00k	no data
Honggang Feng	Non-Executive Director	less than a year	no data	no data

3.2yrs

Average Tenure

54.5yo

Average Age

Experienced Board: 1952's board of directors are considered experienced (3.2 years average tenure).

Everest Medicines Management

Management criteria checks 2/4

Key information

Recent management updates

Everest Medicines Limited, Annual General Meeting, Jun 28, 2024

Everest Medicines Strengthens Management Team with Appointments of Chief Medical Officer and Chief Product Officer

Everest Medicines Limited Announces Board Changes

Everest Medicines Limited Announces Directorate Changes

Everest Medicines Appoints Mike Berry as Chief Technology Officer

Everest Medicines Limited, Annual General Meeting, Jun 29, 2023

Recent updates

Everest Medicines Announces Two In Vitro Studies on Eravacycline (XERAVA) Presented at IDWeek, Demonstrating Its Sustained and Robust Antimicrobial Activity

Everest Medicines Announces NEFECON Receives Full Approval from South Korea's Ministry of Food and Drug Safety for the Treatment of Primary IgA Nephropathy

Everest Medicines Limited Announces Business Update on NEFECON Development

Now 21% undervalued

Now 24% undervalued

First half 2024 earnings released

Now 22% undervalued after recent price drop

New minor risk - Profitability

No longer forecast to breakeven

Everest Medicines Limited to Report First Half, 2024 Results on Aug 27, 2024

Now 21% undervalued after recent price drop

Everest Medicines Announces First Chinese Patient Dosed in Global Phase 2b PALIZADE Trial of Zetomipzomib in Lupus Nephritis

Everest Medicines Announces Official Acceptance Granted on NEFECON® Supplementary Application by China National Medical Products Administration

Everest Medicines Announces Positive Topline Results from Maintenance Period of Etrasimod Phase 3 Clinical Trial Conducted in Asia for the Treatment of Moderately-to-Severely Active Ulcerative Colitis

Everest Medicines Limited, Annual General Meeting, Jun 28, 2024

Now 24% overvalued after recent price rise

Everest Medicines Announces Commercial Launch and First Prescription for NEFECON in Mainland China

Everest Medicines Announces New Drug Application Approval of Velsipity® for Adults with Moderately to Severely Active Ulcerative Colitis in Macau

Everest Medicines Announces Hong Kong Department of Health Approval of Nefecon® for the Treatment for Primary IgA Nephropathy in Adult Patients

Now 22% overvalued after recent price rise

Full year 2023 earnings released

Forecast to breakeven in 2026

Now 23% overvalued after recent price rise

Everest Medicines Strengthens Management Team with Appointments of Chief Medical Officer and Chief Product Officer

Everest Medicines Limited to Report Fiscal Year 2023 Results on Mar 27, 2024

Now 25% overvalued after recent price rise

Everest Medicines Limited Announces Board Changes

Now 24% undervalued after recent price drop

Everest Medicines Limited Provides Earning Guidance for the Year Ended 31 December 2023

Everest Medicines Limited Announces Directorate Changes

Everest Medicines Announces New Drug Application Acceptance of Nefecon® in Taiwan for the Treatment of Primary IgA Nephropathy in Adult Patients

Everest Medicines Reaffirms Revenue Guidance for the Year 2023 and 2024

Calliditas’ Partner Everest Medicines Announces China NMPA’s Approval of Nefecon® for the Treatment of Primary IgA Nephropathy

National Medical Products Administration Approves the New Drug Application for Nefecon for the Treatment of Primary Immunoglobulin A Nephropathy in Adults At Risk of Disease Progress in China

Everest Medicines Announces New Drug Application Approval by the Pharmaceutical Administration Bureau of Macau for Nefecon® for the Treatment of Primary IgA Nephropathy

Everest Medicines Limited Announces Approval of XERAVA® in Taiwan for the Treatment of Complicated Intra-Abdominal Infections in Adult Patients

First half 2023 earnings released: CN¥1.40 loss per share (vs CN¥2.26 loss in 1H 2022)

Everest Medicines Announces New Drug Application Acceptance by the Pharmaceutical Administration Bureau of Macao for Nefecon(R) for the Treatment of Primary IgA Nephropathy

Everest Medicines Limited to Report First Half, 2023 Results on Aug 24, 2023

Everest Medicines Announces Completion of Patient Enrollment in Nefecon®? China Open Label Extension Study

Everest Medicines Announces Commercial Launch and First Prescription for XERAVA in China

New major risk - Share price stability

Everest Medicines Appoints Mike Berry as Chief Technology Officer

Everest Medicines Limited, Annual General Meeting, Jun 29, 2023

Everest Medicines Announces Completion of Patient Enrollment in Phase 3 Clinical Trial of Etrasimod in Asia

No longer forecast to breakeven

Everest Medicines Announces South Korea Grants Fast Track Review Designation to Nefecon for the Treatment of Primary Iga Nephropathy

Everest Medicines Limited Announces Board Changes

Everest Medicines Announces Top-line Data from Phase I Study of EVER206 on Healthy Subjects in China

Everest Medicines Aims to Initiate Clinical Trials and File an Emergency Use Authorization Application in 2023 in China for Its Lead mRNA Candidate

Everest Medicines Announces China NMPA Recommends Priority Review for Nefecon for the Treatment of Primary IgA Nephropathy

Everest Medicines Announces New mRNA Rabies Vaccine Program and Achievement of Preclinical Proof-of-Concept Milestone

Everest Medicines Announces Major Regulatory Updates in Taiwan and South Korea for Nefecon for the Treatment of Primary IgA Nephropathy

Less than half of directors are independent

Everest Medicines Announces New Drug Application Acceptance by China NMPA for Nefecon for the Treatment of Primary IgA Nephropathy

Everest Medicines Announces Approval of XERAVA in Hong Kong for the Treatment of Complicated Intra-Abdominal Infections

Forecast to breakeven in 2022

Everest Medicines Receives Approval of Investigational New Drug Application from China NMPA for EVER001

Everest Medicines Appoints Rogers Yongqing Luo as an Executive Director

Everest Medicines Limited Announces Resignation of Kerry Blanchard as A Member of the Board of Directors

Everest Medicines Limited to Report First Half, 2022 Results on Aug 24, 2022

Everest Medicines Announces Regulatory Update and Strategic Partnership for Xerava™ in Taiwan

Everest Medicines Announces Approval of Trodelvy in China for Second-Line Metastatic Triple-Negative Breast Cancer

Less than half of directors are independent

Everest Medicines Announces that Topline Results from Chinese Subpopulation Consistent With Global Phase 3 NefIgArd Study Part A Analysis

Everest Medicines Submits New Drug Application in Hong Kong for Sacituzumab Govitecan

Everest Medicines Limited, Annual General Meeting, Jun 30, 2022

Everest Medicines Limited Appoints Leah Liu as Joint Company Secretary

Everest Medicines Announces First Drug Approval of Trodelvy® in Singapore for Second-Line Metastatic Triple-Negative Breast Cancer