China Resources Double-Crane Pharmaceutical's (SHA:600062) unit, Double-Crane Pharmaceutical (Shangqiu), obtained approval from the Chinese drug administration to market a chemical active ingredient for pregabalin, according to a Shanghai Stock Exchange filing on Saturday.
Pregabalin is a medication used to treat postherpetic neuralgia and fibromyalgia.
The company invested 8.4 million yuan into the research and development of the active pharmaceutical ingredient or API, the filing said.
The company's shares rose over 1% in recent trade.
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