Among 837 patients at high risk of disease progression, the combined endpoint of hospitalization and death was 78% lower than that of placebo, according to a statement issued by Tengsheng Bo on August 25. That means the drug could reduce the death rate among hospitalized patients by 78%. The novel coronavirus neutralizing antibody drug is currently undergoing phase III clinical trials internationally. On September 8, a company official said that the international phase III clinical study of the company's novel coronavirus neutralizing antibody drug has achieved positive results, and the drug is only one step away from approval, which is expected to be approved by the end of this year.