Shandong Xinhua Secures Key Drug Application Approval

Shandong Xinhua Pharmaceutical Company Limited Class H (HK:0719) has released an update.

Shandong Xinhua Pharmaceutical Company Limited has announced the successful approval of a supplementary drug application for its pentoxifylline injections by the National Medical Products Administration. The approval signifies the company’s right to change the marketing license holder for the product. Additionally, the company disclosed a technology transfer contract with Suzhou Langke Biotechnology Co., Ltd., transferring the rights and interests related to the marketing and production technology of the drug.

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