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An update from Shanghai Henlius Biotech, Inc. Class H ( (HK:2696) ) is now available.
Shanghai Henlius Biotech, Inc. announced that its New Drug Application for HLX04-O, a recombinant anti-VEGF humanized monoclonal antibody injection for treating wet age-related macular degeneration (wAMD), has been accepted by China’s National Medical Products Administration. This development is significant as it marks a step forward in the company’s efforts to provide new treatment options for wAMD, a condition with limited approved treatments in China. The acceptance of the NDA follows successful clinical trials demonstrating the drug’s non-inferiority to existing treatments and its favorable safety profile, potentially positioning Henlius as a key player in the ophthalmic drug market.
The most recent analyst rating on (HK:2696) stock is a Buy with a HK$61.98 price target. To see the full list of analyst forecasts on Shanghai Henlius Biotech, Inc. Class H stock, see the HK:2696 Stock Forecast page.
More about Shanghai Henlius Biotech, Inc. Class H
Shanghai Henlius Biotech, Inc. is a biotechnology company based in China, focusing on the development of innovative monoclonal antibody drugs. The company is known for its work in the pharmaceutical and healthcare industry, particularly in developing treatments for various diseases, including ophthalmic conditions.
Average Trading Volume: 1,320,982
Technical Sentiment Signal: Buy
Current Market Cap: HK$40.63B
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