Hengrui Medicine's Ruilafupu-α Injection Receives Marketing Authorization in China; Shares Drop 5%

MT Newswires Live09-20

China's National Medical Products Administration has accepeted Jiangsu Hengrui Medicine's (SHA:600276) drug marketing authorization application for its Ruilafupu-α injection, according to a Thursday disclosure on the Shanghai Stock Exchange.

The pharmaceutical company invested 587.9 million yuan into the research and development of the drug, which is used to treat locally advanced unresectable, recurrent, or metastatic gastric and gastroesophageal junction adenocarcinoma.

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

Price (RMB): ¥42.68, Change: ¥-2.3, Percent Change: -5.16%

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