Shanghai Fudan Zhangjiang Bio Pharmaceutical Co (DE:FDY) has released an update.
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Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. has announced the enrollment of the first patient in a Phase II clinical trial in the U.S. for Hemoporfin, an innovative treatment for Port Wine Birthmark (PWB). This new drug, which has already seen a 36.17% increase in sales revenue for the first half of 2024, promises to offer significant improvements over existing treatments with lower side effects and recurrence rates. Investors are cautioned, however, about the inherent risks and uncertainties involved in pharmaceutical development.
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