Shyndec Pharmaceutical's Unit Gets Nod to Market Sitagliptin Phosphate

MT Newswires Live

2025/10/13

Shanghai Shyndec Pharmaceutical's (SHA:600420) unit, Sinopharm Group Weiqida Pharmaceutical, received approval from China's National Medical Products Administration for the marketing of active pharmaceutical ingredient sitagliptin phosphate, according to a Shanghai bourse filing on Saturday.

The Chinese pharmaceutical company's shares slipped over 1% at the close of Monday's trade.

The API is used clinically to improve blood glucose control in patients with type 2 diabetes.

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