Shanghai RAAS Blood Products Co Ltd Class AClinical trial application for Protein C accepted, a novel drug with no domestic equivalent, potentially improving plasma utilization and product portfolio.

Shanghai RAAS announced that its wholly-owned subsidiary Guangxi RAAS Biopharmaceutical Co., Ltd. has received an acceptance notice from the National Medical Products Administration regarding the clinical trial application for Protein C. The drug is intended for the treatment of patients with congenital Protein C deficiency. It is a Class II new drug in China, and currently no similar human Protein C preparation has been approved for marketing domestically. If successfully approved for marketing, it could enhance the company's comprehensive utilization rate of plasma and optimize its product portfolio.
Shanghai RAAS Blood Products Co Ltd Class AClinical trial application for Protein C accepted, a novel drug with no domestic equivalent, potentially improving plasma utilization and product portfolio.
As the subsidiary developing Protein C, the acceptance of its clinical trial application is a positive development.