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Ortho-K Lenses Included in Hebei’s Volume-Based Procurement List
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The drug and medical device procurement center of Hebei Province released a notification regarding the information filing for volume-based procurement (VBP) of 20 medical consumables. Notably, the rigid breathable contact lens for corneal shaping, commonly known as Ortho-K, has been included on the list. Ortho-K and Market DynamicsOrtho-K lenses are…
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Innovent’s Tyvyt Approved for New Gastric Cancer Indication by NMPA
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China-based Innovent Biologics, Inc. (HKG: 1801) and its partner Eli Lilly & Co. (NYSE: LLY) announced that the PD-1 inhibitor Tyvyt (sintilimab) has been approved by the National Medical Products Administration (NMPA) for a new indication. The drug is now approved to treat first-line unresectable locally advanced, recurrent, or metastatic…
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Zhejiang Huahai Receives FDA ANDA Approval for Generic Tecfidera
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China-based Zhejiang Huahai Pharmaceutical Co., Ltd (SHA: 600521) announced that it has received Abbreviated New Drug Application (ANDA) approval from the US FDA for its generic version of Biogen’s Tecfidera (dimethyl fumarate). The application was filed by Huahai’s US unit, Prinston Pharmaceutical Inc. Tecfidera: Drug Profile and Market ContextTecfidera is…
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Novartis Expands Strategic Collaboration with Bo’Ao Lecheng Pilot Zone
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Novartis (NYSE: NVS) announced a further strategic collaboration with the Bo’Ao Lecheng Medical Tourism Pilot Zone, where it will establish a Novartis Hainan office and a real-world study center. The initiative aims to strengthen cooperation and exchange in real-world studies and clinical drug research and development, as well as promote…
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Salubris Partners with Alpha Molecular for AI-Driven Obesity Drug Development
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China’s Shenzhen Salubris Pharmaceuticals Co., Ltd (SHE: 002294) has entered into a partnership with compatriot firm Shenzhen Alpha Molecular Technology Co., Ltd to enhance the artificial intelligence (AI)-empowered research and development of obesity drugs. The collaboration aims to leverage the combined strengths of both companies in the field of drug…
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RemeGen Reports 397.47% YOY Revenue Growth in Q3 2022
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China-based pharma firm RemeGen (HKG: 9995) released its Q3 2022 financial report, showing significant growth in revenues and research and development (R&D) spending. During the first three months of the year, the company generated RMB 570 million (USD 78.6 million) in revenues, up 397.47% year-on-year (YOY). It spent RMB 663…
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Innovent’s Parsaclisib Filed for Marketing Approval in China
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China’s Center for Drug Evaluation (CDE) has received a marketing approval application for Innovent Biologics Inc’s (HKG: 1801) PI3Kδ inhibitor parsaclisib. The product candidate has been granted priority review status. The targeted indication is relapsed or refractory follicular lymphoma (r/r FL) in patients who have previously received at least two…
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Proheal Pharmaceuticals Initiates Clinical Study for PHP1003 in Thyroid-Associated Ophthalmopathy
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Proheal Pharmaceuticals, a Suzhou-based developer of drugs for ophthalmology and autoimmune diseases, announced the first subject dosing in a clinical study for its in-house developed anti-IGF1R antibody PHP1003 in thyroid-associated ophthalmopathy (TAO). This marks a significant milestone in the development of novel treatments for this condition. Study Design and Drug…
