Wuhan Hiteck Biological Pharma Co LtdClinical trial application accepted for new indication, but drug has long development cycle, high risks, and no short-term material impact.

Haitai Bio announced that the clinical trial application for its injectable Epunaiming for the indication of unresectable or metastatic classic chondrosarcoma has been accepted by the National Medical Products Administration. The drug is a national Class I recombinant protein innovative drug independently developed by the company, and is the world's first and only marketed death receptor 4/death receptor 5 agonist. Currently, no drug has been approved for the chondrosarcoma indication. The drug has a long development cycle and high risks, and will not have a material impact on the company's performance in the short term.
Wuhan Hiteck Biological Pharma Co LtdClinical trial application accepted for new indication, but drug has long development cycle, high risks, and no short-term material impact.