fosun pharma (02196) rose more than 11% in early trading, as of the press release, up 11.05%, at 18.7 Hong Kong dollars, with a turnover of 0.1 billion Hong Kong dollars.
According to the Wise Financial News APP, Fosun Pharma (02196) rose more than 11% in early trading, as of the press release, up 11.05%, at 18.7 Hong Kong dollars, with a turnover of 0.1 billion Hong Kong dollars.
On the news front, Fosun Pharma announced that its controlling subsidiary, Gismo (Wuhan) Pharmaceutical Co., Ltd., recently obtained approval from the National Medical Products Administration for the market registration application of Oxaliplatin Injection (referred to as the new drug).
The new drug is a chemical drug independently developed by the group (i.e. the company and its controlling subsidiaries/units). The new drug is mainly used in combination with fluorouracil and leucovorin (methotrexate) for the first-line treatment of metastatic colorectal cancer, adjuvant therapy in stage III (Duke’sC stage) colon cancer after primary tumor resection, and for the treatment of locally advanced and metastatic hepatocellular carcinoma (HCC) not amenable to surgical resection or local therapy, in combination with capecitabine (XELOX) for adjuvant chemotherapy after radical resection surgery in II or III stage gastric adenocarcinoma patients.
As of August 2024, the Group has invested approximately RMB 3.52 million (unaudited) in research and development for this new drug. According to the latest data from IQVIA CHPA, in 2023, the sales of Oxaliplatin injection approved for marketing in China (excluding Hong Kong, Macao, and Taiwan) amounted to approximately RMB 2.297 billion.