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CSPC Pharmaceutical Gains U.S. FDA Approval for Cancer Drug Trials

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CSPC Pharmaceutical Gains U.S. FDA Approval for Cancer Drug Trials

CSPC Pharmaceutical Group ( (HK:1093) ) has provided an update.

CSPC Pharmaceutical Group has received approval from the U.S. FDA to conduct clinical trials for its new drug, SYH2051, a selective ATM inhibitor targeting advanced solid tumors. This approval, alongside prior approval in China, marks a significant step in the company’s oncology research, potentially enhancing its market position and offering promising treatment options for cancer patients.

More about CSPC Pharmaceutical Group

CSPC Pharmaceutical Group Limited is a Hong Kong-based company operating in the pharmaceutical industry. It focuses on the development and production of innovative drugs, with a particular emphasis on oncology treatments.

YTD Price Performance: 3.56%

Average Trading Volume: 4,371

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $7.15B

See more data about 1093 stock on TipRanks’ Stock Analysis page.

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