Summary by Moomoo AI
CHINA BIOPHARMACEUTICAL CO., LTD. ANNOUNCED THAT TWO INNOVATIVE DRUGS “ALOTINIC HYDROCHLORIDE CAPSULE” AND “TQB2916 (CD40 STIMULANT)” DEVELOPED BY CHENGDAI TIANCHING PHARMACEUTICAL GROUP CO., LTD., WILL BE ANNOUNCED AT THE ANNUAL MEETING OF THE AMERICAN CANCER SOCIETY (AACR) IN 2024. These studies covered a variety of cancers including gastrointestinal tumors, small cell lung cancer, late-stage malignant tumors, thyroid medullary cancer, and late ovarian cancer. Alotinic hydrochloride capsule is an oral novel small molecule multi-target receptor tyrosine kinase inhibitor that has been approved for five indications and two new indications are in application. TQB2916 is an all-human IgG2 monoantibody that acts primarily by activating antigen-presenting cells to act as tumor suppressors. No CD40 activator has been marketed globally. The Board of Directors of China Biopharmaceuticals Limited consists of seven executive directors and five independent non-executive directors.