Summary by Moomoo AI
Shanghai Fosun Pharma Group Co., Ltd. (referred to as "Fosun Pharma") announced that its holding subsidiary Chongqing Yaoyou Pharmaceutical Co., Ltd. has developed a new drug, "Rosaterol Hydrochloride Acetate for Injection", which has recently obtained registration approval for market launch from the National Medical Products Administration. The new drug is mainly used to treat low-risk patients with upper gastrointestinal bleeding and is produced by Chongqing Yaoyou Pharmaceutical. As of September 2024, Fosun Pharma Group has invested approximately 3.31 million RMB in the research and development of the new drug. According to IQVIA CHPA data, the sales of similar drugs in mainland China in 2023 were about 0.943 billion RMB. Fosun Pharma expects the launch of this new drug to provide more options for patients with upper gastrointestinal bleeding, enrich its product line, but will not have a significant impact on the group's current performance. The company reminds investors to pay attention to the related investment risks.