Yantai Dongcheng Pharmaceutical (SHE:002675) subsidiary Lannacheng obtained the approval of China's drug administrator to start clinical trials for its 225Ac-LNC1011 injection.
The drug is a radiopharmaceutical targeting prostate-specific membrane antigen in patients with prostate cancer, according to a Wednesday filing with the Shenzhen bourse.
Shares of the pharmaceutical company rose 2% in recent trade.
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