CSPC Innovation Pharmaceutical Subsidiary Gets China Clinical Trial Nod for Weight Loss Injection; Shares Fall 5%

MT Newswires Live08-28

CSPC Innovation Pharmaceutical (SHE:300765) subsidiary CSPC Jushi Biopharmaceutical received clinical trial approval from China's National Medical Products Administration for its SYH2092 injection, according to a Thursday after-hours filing with the Shenzhen bourse.

The drug is an amylin receptor agonist and is indicated for weight loss.

Shares in the drug company fell 5% during afternoon trading on Friday.

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