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The latest announcement is out from CSPC Pharmaceutical Group ( (HK:1093) ).
CSPC Pharmaceutical Group Limited has announced that its investigational new drug, SYS6043, an antibody-drug conjugate, has received approval from the U.S. FDA to conduct clinical trials for advanced/metastatic solid tumors in the U.S. The approval is a significant step for the company, potentially enhancing its position in the oncology sector, as the drug has shown promising anti-tumor effects in preclinical studies and holds potential for treating multiple types of cancer including small cell lung cancer and esophageal squamous cell carcinoma.
More about CSPC Pharmaceutical Group
CSPC Pharmaceutical Group Limited is a company incorporated in Hong Kong that operates in the pharmaceutical industry. The company focuses on developing and producing a variety of pharmaceutical products, including antibody-drug conjugates, which are targeted treatments used in cancer therapy.
YTD Price Performance: -4.92%
Average Trading Volume: 7,366
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.52B
For a thorough assessment of 1093 stock, go to TipRanks’ Stock Analysis page.
