KPC Pharmaceuticals (SHA:600422) subsidiary Kunming Baker Norton Pharmaceutical secured the drug marketing authorization of its mycophenolate mofetil dry suspension from China's medical products administrator.
Mycophenolate mofetil is used to treat refractory rejection after a kidney transplant; inhibit rejection in kidney, heart, liver, lung, and pancreas transplants; as well as to treat lupus nephritis, according to a Wednesday filing with the Shanghai bourse.
Shares of the pharmaceutical company slid 2% in recent trade.
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