Mabwell Gets FDA Clearance for Inflammatory Bowel Disease Drug

MT Newswires Live

05/11

Mabwell (Shanghai) Bioscience's (HKG:2493, SHA:688062) clinical trial application for 9MW521, a novel injection targeting Inflammatory Bowel Disease (IBD), was formally cleared by the US Food and Drug Administration, according to a May 8 Hong Kong bourse filing.

Shares of the pharmaceutical firm were up nearly 4% in Monday afternoon trading.

The drug will be tested as a treatment for inflammatory bowel disease.

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