Lee's Pharmaceutical Receives Regulatory Nod to Move Production of Drug Within U.S.

MT Newswires Live

01/28

Lee's Pharmaceutical (HKG:0950) said it secured U.S. regulatory approval to move commercial manufacturing of its Adasuve drug from Mountain View, California, to Fremont, California, according to a Hong Kong bourse filing Tuesday.

The firm's shares were up nearly 6% in late morning trade Wednesday.

Adasuve, also known as loxapine, was acquired by the company in December.

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