China's National Medical Products Administration accepted the registration application of Shanghai Fosun Pharmaceutical (HKG:2196, SHA:600196) subsidiary Shanghai Zhaohui Pharmaceutical for its dobutamine drug.
The medication is intended to be used for the enhancement of myocardial contractility in acute circulatory insufficiency and the observation of stress echocardiography.
Hong Kong-listed shares of the pharmaceutical company closed nearly 4% lower on Monday.
Price (HKD): $14.78, Change: $-0.54, Percent Change: -3.52%