Summary by Moomoo AI
Cornerstone Pharmaceuticals announced that its domestic production registration application for the RET inhibitor Phuket® (Platini Capsules) was accepted by the National Drug Administration's Drug Review Center on April 9, 2024. This means that the company expects to achieve localized production of Phuket® and another drug, Tajiva® (avattinic tablets) in the short term, which is expected to significantly reduce production costs and increase supply flexibility to better meet domestic market demands. Dr. Yang Jianxin, CEO and Executive Director of Keystone Pharmaceuticals, said this will strengthen the company's competitive advantage in the Chinese market. Phuket® is China's first approved RET inhibitor for the treatment of specific types of non-small cell lung and thyroid cancer and has been published in an international medical journal showing good efficacy and safety in multiple RET fusion-positive solid tumors. Keystone Pharmaceuticals has reached a cooperation agreement with Blueprint Medicines for exclusive development and commercialization rights in Phuket® and Taijihua® in Greater China.