Summary by Moomoo AI
Four Ring Pharmaceutical Holdings Group Limited announces that its SGLT-2 inhibitor innovative drug, proline Gagli tablets (trade name: Huijing®), developed by its non-wholly-owned subsidiary, Huichang Biopharmaceuticals Co., Ltd., has been approved for listing by the National Drug Administration of China for the treatment of Type 2 Diabetes. This innovative drug is the second independently developed SGLT-2 inhibitor in the country, demonstrating breakthrough advances in the field of diabetes treatment by Pupil Biome. Data from a Phase III clinical trial of the Gagli tablet show that it has significant hypoglycemic efficacy and good overall safety. Wellcome owns the patent rights to the drug in China and several countries and regions. Founded in 2001 and listed on the main board of the Hong Kong Stock Exchange Limited in 2010, Four Circle Pharmaceuticals is committed to becoming a leading pharmaceutical and biopharmaceutical company in China.