Shanghai Fosun Pharmaceutical Unit Gets China Nod for Poison Antidote

MT Newswires Live07-22

China's medical products administrator accepted Shanghai Fosun Pharmaceutical (SHA:600196, HKG:2196) subsidiary Chongqing Kailin Pharmaceutical's drug registration application for its sodium thiosulfate injection, according to a Friday filing with the Shanghai Stock Exchange.

The drug is an antidote for cyanide poisoning, and can also be used for arsenic, mercury, lead, bismuth, iodine and other types of poisoning, the filing said.

Shares rose 1% in Hong Kong on Monday afternoon.

Price (HKD): $23.58, Change: $+0.20, Percent Change: +0.86%

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