China's National Medical Products Administration accepted the marketing application of Jiangsu Hengrui Pharmaceuticals' (SHA:600276, HKG:1276) unit, Fujian Shengdi Pharmaceutical, for repaglinide, according to a Thursday disclosure on the Shanghai bourse.
The drug is indicated for glycemic control in adult patients with type 2 diabetes mellitus.
The pharmaceutical company's shares fell 3% during the morning trade.