RemeGen (HKG:9995, SHA:688331) obtained the approval of China's National Medical Products Administration to trial its novel antibody-drug conjugate (ADC) RC278 for injection, according to a Shanghai Stock Exchange filing on Tuesday.
The Chinese pharmaceutical company will test the drug as a treatment for advanced solid tumors, the filing said.
The company's Shanghai shares surged over 8% and Hong Kong shares soared 7% in recent trade.