Shanghai Junshi Biosciences Co., Ltd. Class H (HK:1877) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Shanghai Junshi Biosciences Co., Ltd. has announced that their new drug application for ongericimab injection, aimed at treating adults with primary hypercholesterolemia and mixed dyslipidemia, has been approved by the National Medical Products Administration. The medication, which has demonstrated significant reductions in LDL-C levels and other lipid parameters with a favorable safety profile, marks the company’s fifth commercial product. This approval is supported by results from two Phase III clinical studies showcasing the drug’s efficacy in reducing LDL-C levels by over 60% and its potential to address unmet medical needs in lipid-lowering treatments.
For further insights into HK:1877 stock, check out TipRanks’ Stock Analysis page.