Luye Pharma Group (HK:2186) has released an update.
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Luye Pharma Group Ltd. has announced that their long-acting injectable antipsychotic, Meibirui, received marketing approval in China for the treatment of schizophrenia, a condition affecting approximately 8 million people in the country. Meibirui offers a monthly dose, which can improve patient compliance and prevent relapse. The company, known for its diversified Central Nervous System product portfolio, remains a strong player in the global market for LAI antipsychotics, which saw worldwide sales reach US$5 billion in 2023.
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