tiprankstipranks
Company Announcements

Xinhua Pharmaceutical Gains Approval for Rosuvastatin License Transfer

Story Highlights
Xinhua Pharmaceutical Gains Approval for Rosuvastatin License Transfer

An announcement from Shandong Xinhua Pharmaceutical Company Limited Class H ( (HK:0719) ) is now available.

Shandong Xinhua Pharmaceutical Company Limited has received approval for the change of marketing license holder for its Rosuvastatin calcium tablets from the National Medical Products Administration. This approval follows a technology transfer contract with Suzhou Dongrui Pharmaceutical Company, allowing Xinhua Pharmaceutical to acquire the marketing and sales rights for the drug, which could enhance its market position and operational capabilities in the pharmaceutical industry.

More about Shandong Xinhua Pharmaceutical Company Limited Class H

Shandong Xinhua Pharmaceutical Company Limited is a pharmaceutical company based in China, focusing on the development and production of prescription drugs, including Rosuvastatin calcium tablets.

YTD Price Performance: -3.27%

Average Trading Volume: 3,104,833

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$9.12B

See more data about 0719 stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App