Wondfo Biotech Gets Green Light to Sell Fentanyl Tests in US; Shares Down 5%

MT Newswires Live08-20

Guangzhou Wondfo Biotech (SHE:300482) received approval to market four SAFElife fentanyl urine tests in the US, according to an Aug. 16 disclosure on the Shenzhen Stock Exchange.

The US Food & Drug Administration handed down 510(k) clearances to the Chinese biotechnology firm's Fentanyl Urine Home Test (Cassette), T-Dip Fentanyl Urine Home Test (Dip Card), Fentanyl (FTY) Urine Test Cassette and T-Dip Fentanyl (FTY) Urine Test Panel.

The products can be purchased without the need for prescription, the disclosure added.

Shares of the company dropped less than 5% in recent trade.

Price (RMB): Â¥22.01, Change: Â¥-1.1, Percent Change: -4.88%

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