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Innovent Biologics ( (HK:1801) ) has shared an update.
Innovent Biologics announced that its third-generation EGFR TKI, limertinib, has received approval from the National Medical Products Administration of China for treating adult patients with locally advanced or metastatic EGFR T790M-mutated NSCLC. Limertinib showed significant efficacy in clinical trials, marking it as a promising addition to Innovent’s TKI franchise, enhancing its industry position and providing a cutting-edge option for NSCLC patients. The approval underscores Innovent’s commitment to leadership in oncology and innovation, with potential positive implications for stakeholders in terms of market expansion and improved treatment solutions.
More about Innovent Biologics
Innovent Biologics, Inc. is a biopharmaceutical company incorporated in the Cayman Islands, focusing on oncology treatments. It is known for its strong portfolio in tyrosine kinase inhibitors (TKIs) and innovative precision therapies, catering primarily to patients with advanced non-small cell lung cancer (NSCLC) who have EGFR mutations.
YTD Price Performance: -12.66%
Average Trading Volume: 31,527
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.29B
For a thorough assessment of 1801 stock, go to TipRanks’ Stock Analysis page.
