Peijia Medical's (HKG:9996) medical device TaurusNXT was accepted by Chinese regulators for review, according to a Hong Kong bourse filing Sunday.
Shares of the company gained over 4% in recent trade on Monday.
The device is a third-generation transcatheter aortic valve replacement system to treat heart disease.
The system will be reviewed under the National Medical Products Administration's expedited pathway for approval.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.