Sino Biopharmaceutical (HKG:1177) said unit LaNova Medicines's LM-302 has been included in the breakthrough therapeutic designation process by China's National Medical Products Administration, a late Tuesday Hong Kong bourse filing said.
Shares of the biopharmaceutical firm were up 1% in Wednesday afternoon trading.
The drug is used in combination with a PD-1 monoclonal antibody as first-line therapy for gastric and gastroesophageal junction adenocarcinoma.