Recently, according to the notice issued by the Economy and Information Technology Department of Zhejiang on the release of the second batch of specialized and sophisticated new small and medium-sized enterprise list in Zhejiang Province for 2022, TYK Medicines, Inc. (Hereinafter referred to as “TYK Medicines”) has been recognized as a specialized and sophisticated new small and medium-sized enterprise in Zhejiang Province for the year 2022, with a validity period of 3 years.

This recognition as a specialized and sophisticated small and medium-sized enterprise in Zhejiang Province is a recognition by the relevant departments of TYK Medicines’ innovation ability, R&D capability, technical strength, and level of specialization, which will allow the company to focus on its core business and expand its competitive advantage in the industry. TYK Medicines plans to concentrate on its main business, deepen its expertise in specific areas, and increase investment in key technology research and development to improve its overall strength.