Gan & Lee Pharmaceuticals (SHA:603087) has secured approval from China's National Medical Products Administration to carry out clinical trials for its investigational drug, GLR1044 injection, according to a Shanghai Stock Exchange filing on Tuesday.
The drug is indicated to treat moderate to severe atopic dermatitis in adults who have inadequate control with, or are not suitable for, topical prescription drugs.
GLR1044 injection is a biosimilar of Dupilumab, a drug currently marketed in China only by the original manufacturer, Sanofi, under the brand name Dapoxetine, the company said.
Global sales of Dapoxetine reached 13 billion euros in 2024, Gan & Lee noted, citing data from Sanofi.
The company has spent 66 million yuan in GLR1044's research and development as of Sept. 30.
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