Sichuan Kelun-biotech Biopharmaceutical Cancer Drug Gets Regulatory Nod; Shares Up 4%

MT Newswires Live06-18

Sichuan Kelun-biotech Biopharmaceutical (HKG:6990) said the Center for Drug Evaluation (CDE) of China's National Medical Products Administration (NMPA) approved the investigational new drug application for the innovative drug SKB518, according to a Monday filing on the Hong Kong bourse.

SKB518 for injection is used to treat solid tumors. The pharmaceutical plans to undertake clinical trials for the medication.

The company’s shares were up by over 4% in recent trading.

Price (HKD): $179.50, Change: $+7.30, Percent Change: +4.24%

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