HK Stock Movement | FUSEN PHARM (01652) Surges Nearly 74% Intraday as Enzalutamide Soft Capsule Approved and Metformin Empagliflozin Tablet Included in National Bulk-Buy Program

Stock News
Oct 31

FUSEN PHARM (01652) surged nearly 74% intraday, and as of the latest update, the stock was up 49.28% at HKD 1.03, with a turnover of HKD 10.37 million. The company announced that its wholly-owned subsidiary, Jiaheng (Zhuhai Hengqin) Pharmaceutical Technology, has received approval from China's National Medical Products Administration (NMPA) for its Enzalutamide Soft Capsule. The drug is approved for treating adult patients with non-metastatic castration-resistant prostate cancer (NM-CRPC) at high risk of metastasis, as well as adult patients with metastatic castration-resistant prostate cancer (CRPC) who have failed androgen deprivation therapy (ADT) and show no or mild symptoms without prior chemotherapy.

Additionally, FUSEN PHARM disclosed that its Metformin Empagliflozin Tablet (I) (containing 500mg metformin hydrochloride and 5mg empagliflozin) has been preliminarily selected in China's 11th national bulk drug procurement program. The company had previously announced in September that the NMPA had approved the market application for this product.

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