Hengrui Medicine Gets Nod for Chronic Kidney Disease Drug Trial

MT Newswires Live

03/10

Jiangsu Hengrui Pharmaceuticals (SHA:600276, HKG:1276) unit Fujian Shengdi Pharmaceutical obtained the approval of China's drug administrator to start clinical trials for HRS9531 injection to treat chronic kidney disease.

HRS9531 is a novel dual agonist that activates both GIP and GLP-1 receptors, which helps regulate metabolism and improve insulin sensitivity, according to a Tuesday filing with the Shanghai bourse.

Shares of the pharmaceutical company closed 3% higher Tuesday.

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