Abbisko Units Gets China Clearance for Lung Cancer Drug Application; Shares Jump 3%

MT Newswires Live

08/21

Abbisko (HKG:2256) unit Abbisko Therapeutics obtained clearance for the investigational new drug application of ABSK043 from China's National Medical Products Administration, a same-day Hong Kong bourse filing said.

Shares of the biopharmaceutical firm were up 3% in Thursday afternoon trading.

The clearance is for the drug in combination with Shanghai Allist Pharmaceuticals' glecirasib for the treatment of patients with non-small cell lung cancer.

The two companies had entered into a cooperation agreement In March to explore the said combination of drugs.

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