Shares of AIM VACCINE Co Ltd (06660.HK) surged as much as 6.55% on Tuesday morning after the biopharmaceutical company announced that its mRNA respiratory syncytial virus (RSV) vaccine candidate has obtained approval from China's National Medical Products Administration (NMPA) to proceed to clinical trials.
RSV is a major cause of respiratory illness in infants and the elderly. Successful development of an effective vaccine against this virus would represent a significant medical breakthrough and commercial opportunity for AIM VACCINE.
The positive regulatory development for AIM VACCINE's RSV vaccine program appears to be the primary driver behind the strong stock price rally today. Investors are betting that this product candidate has a higher probability of eventual market approval and sales following the green light to initiate human clinical studies.
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