Beta Pharma (300558.SZ) Reports Partner He Yuan Biotech's Novel Drug Ofumin Gains Market Approval

Stock News07-18

Beta Pharma Co., Ltd. (300558.SZ) announced its equity-method investee Wuhan He Yuan Biotechnology Co., Ltd. has secured regulatory approval for recombinant human serum albumin injection (rice-derived), marketed under the brand name Ofumin®. The newly approved therapeutic indication targets the treatment of hypoalbuminemia (≤30g/L) in liver cirrhosis patients.

This milestone marks a significant advancement for He Yuan Biotech's innovative biologic candidate developed through proprietary plant-based expression technology. The authorization enables commercial distribution of the albumin replacement therapy addressing a critical unmet medical need in hepatic disorders. As a strategic stakeholder, Beta Pharma stands to benefit from this product's market penetration through its equity participation.

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