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The latest update is out from Shanghai Fosun Pharmaceutical (Group) Co ( (HK:2196) ).
Shanghai Fosun Pharmaceutical has announced that its subsidiary, Zhejiang Xinghao Pengbo Pharmaceutical, has launched a Phase II clinical trial in China for XH-S003, a small molecule inhibitor designed to treat glomerular diseases with abnormal complement activation, such as IgA nephropathy. This development underscores the company’s commitment to advancing innovative treatments for complex diseases, potentially strengthening its position within the pharmaceutical industry by addressing significant unmet medical needs.
More about Shanghai Fosun Pharmaceutical (Group) Co
Shanghai Fosun Pharmaceutical (Group) Co., Ltd. is a prominent player in the pharmaceutical industry, focusing primarily on the development, manufacturing, and distribution of healthcare products, including pharmaceuticals and diagnostic devices. The company is based in the People’s Republic of China and operates with a market focus on innovative healthcare solutions.
YTD Price Performance: -6.52%
Average Trading Volume: 1,184
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $7.76B
For detailed information about 2196 stock, go to TipRanks’ Stock Analysis page.
