Hengrui Medicine's Unit Gets Nod to Trial Hypertension Drug

MT Newswires Live

2024/10/28

Jiangsu Hengrui Medicine's (SHA:600276) unit, Fujian Shengdi Pharmaceutical, will conduct clinical trials on hypertension drug after receiving approval from the Chinese drug administrator, according to a Shanghai Stock Exchange filing on Oct. 25.

The pharmaceutical company invested 42.8 million yuan into the research and development of the drug, HRS-9563 injection, the filing said.

Shares of the company rose more than 1% in recent trade.

Price (RMB): ¥48.70, Change: ¥+0.70, Percent Change: +1.46%

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