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Sino Biopharmaceutical’s Zongertinib Gains Breakthrough Designation in China

Story Highlights
  • Sino Biopharmaceutical’s zongertinib gains Breakthrough Therapeutic Designation in China.
  • The strategic partnership with Boehringer Ingelheim aims to enhance cancer treatment options in China.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sino Biopharmaceutical’s Zongertinib Gains Breakthrough Designation in China

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An announcement from Sino Biopharmaceutical ( (HK:1177) ) is now available.

Sino Biopharmaceutical Limited announced that its HER2-selective tyrosine kinase inhibitor, zongertinib, has been granted Breakthrough Therapeutic Designation by the Center for Drug Evaluation in China for treating unresectable or metastatic non-small cell lung cancer with HER2 mutations. This designation, supported by clinical trial results, highlights the potential of zongertinib to address the unmet need for targeted therapies in this patient population. The company’s strategic partnership with Boehringer Ingelheim aims to enhance cancer treatment options in China, leveraging both companies’ strengths to bring innovative oncology products to market.

The most recent analyst rating on (HK:1177) stock is a Buy with a HK$9.17 price target. To see the full list of analyst forecasts on Sino Biopharmaceutical stock, see the HK:1177 Stock Forecast page.

More about Sino Biopharmaceutical

Sino Biopharmaceutical Limited is a company incorporated in the Cayman Islands, focusing on the biopharmaceutical industry. The company, along with its subsidiaries, is involved in developing innovative oncology therapies, particularly targeting the Chinese market through strategic partnerships.

Average Trading Volume: 180,194,218

Technical Sentiment Signal: Buy

Current Market Cap: HK$141.5B

For detailed information about 1177 stock, go to TipRanks’ Stock Analysis page.

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