Fosun Pharmaceutical Unit Gets China Approval for Anxiety Drug

MT Newswires Live

2024/10/18

China's medical products administrator approved Fosun Pharmaceutical (HKG:2196, SHA:600196) subsidiary Fosun Pharma (Xuzhou)'s drug registration for venlafaxine hydrochloride sustained-release tablets.

The drug is indicated for depression, including depression with anxiety, and general anxiety disorder, according to a Thursday filing with the Hong Kong Exchange.

Shares rose 1% in Hong Kong during Friday's trading.

Price (HKD): $13.98, Change: $+0.16, Percent Change: +1.16%

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