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Benzinga

Technology

The Bamboo Works

3D Medicines Bleeds Red Ink As It Struggles to Swim in 'Red Ocean'

Hong Kong China Hong Kong Stock Exchange IPO

Key Takeaways:

3D Medicines competes for a share in an already hotly contested and very small market, potentially dimming its appeal to investors
The company lost 1.46 billion yuan last year and another 290 million yuan in the first five months of this year, leaving it with only 660 million yuan in cash and cash equivalents and desperate for funds

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