Summary by Moomoo AI
Shanghai Fuxing Pharmaceuticals (Group) Co., Ltd. (“Fuxing Pharmaceuticals”) announced the initiation of two Phase III clinical trials of its new drug OP0595 (generic name: Nacubactam) in China, jointly developed by its holding subsidiary Fuxing Medical Co., Ltd., and Meiji Products Pharmaceuticals of Japan. The two trials were designed to evaluate the efficacy and safety of the new drug in combination with cefepididymim or ammonine for oxygen-negative bacterial infections in adults with limited treatment regimens. The new drug OP0595 is a novel β-enamidase inhibitor for intravenous drip and is currently in Phase I clinical trials in China. As of February 2024, Fustar Pharmaceuticals invested in the cumulative R&D of the new drug of approximately RMB 2,663 million. According to the latest data from IQVIA MIDAS™, total sales of drugs related to the treatment of drug-resistant gonorrhea negative bacterial infections have been approved globally in 2022 for approximately $50.47 billion. Pustar Pharmaceuticals reminds investors that there are many uncertainties surrounding the development of new drugs to market and to be aware of investment risks.