Summary by Moomoo AI
SHANGHAI FUSTAR PHARMACEUTICALS (GROUP) CO., LTD. (“FUSTAR PHARMACEUTICALS”) ANNOUNCED THAT ITS HOLDING SUBSIDIARY SHANGHAI FUSTAR PHARMACEUTICAL INDUSTRY DEVELOPMENT CO., LTD. HAS RECENTLY BEEN ACCEPTED BY THE NATIONAL PHARMACEUTICAL REGULATORY AUTHORITY FOR THE DEVELOPMENT OF TWO NEW DRUGS, TIRALOZ GRANULES AND TILARO TABLETS. The two new drugs are primarily used to treat chronic iron overload, including transfusion-induced chronic iron overload and chronic iron overload in non-transfusion-dependent Mediterranean anemia syndrome. As of February 2024, Fustar Pharmaceuticals invested in the cumulative R&D of these two new drugs of approximately RMB 792 million and RMB 1130 million, respectively. At present, several Tiralose preparations have been approved for sale in China, with sales of about RMB1.20 billion in 2022. Fustar Pharmaceuticals reminds investors that a number of processes, including GMP compliance checks and drug registration approval, are still required before commercialization of the new drug, and acceptance of this application will not have a significant impact on the Group's current performance. Investors should be aware of investment risks due to market uncertainties and specific sales conditions.