Chinese Regulator Approves Essex Bio-Technology's Subsidiary's Eye Drops for Registration, Commercialization

MT Newswires Live08-14

Essex Bio-Technology's (HKG:1061) subsidiary Zhuhai Essex Bio-Pharmaceutical received the approval of the National Medical Products Administration for the registration and commercialization of preservative-free unit-dose Diquafosol Sodium Eye Drops in China, a Wednesday's filing with the Hong Kong Exchange said.

The approval does not include permissions for Taiwan and the special administrative regions of Hong Kong and Macao.

The eye drops are used in the treatment of dry eye syndromes like conjunctival epithelium injury and tear abnormalities. The drops contain 3% 3% (0.4ml:12mg) diquafosol sodium.

The company's shares were down nearly 2% on Wednesday's close.

Price (HKD): $2.39, Change: $-0.04, Percent Change: -1.65%

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