Aidea Pharmaceutical's Core Anit-HIV Drug Gets Nod to Enter Zanzibar; Shares Up 7%

MT Newswires Live07-28

Jiangsu Aidea Pharmaceutical's (SHA:688488) core anti-HIV drug is officially authorized for commercial sale in Zanzibar, an East African region that is part of Zanzibar, according to a Shanghai bourse filing on Monday.

The Chinese pharmaceutical company received a drug registration certificate for the ainuomiti tablets from the Zanzibar Food and Drug Agency.

Aidea said the approval market the first use of the drug in a non-Asian country. Africa is the region with the highest proportion of HIV patients in the world, the filing said.

The company's shares jumped over 7% during afternoon trade.

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