Summary by Moomoo AI
SHANGHAI FUSTAR PHARMACEUTICALS (GROUP) CO., LTD. (“FUSTAR PHARMACEUTICALS”) ANNOUNCED THAT A NEW DRUG FOR INJECTION SODIUM PHOSPHATE, DEVELOPED BY ITS HOLDING SUBSIDIARY GUILIN NANDRUG CO., LTD., HAS RECENTLY RECEIVED A DRUG REGISTRATION APPLICATION FROM THE NATIONAL DRUG ADMINISTRATION. The new drug is mainly used to treat CMV retinitis in AIDS patients and infections of the skin mucosa resistant to acyclovir HSV in immunocompromised patients. As of March 2024, Fustar Pharmaceuticals invested in the research and development of the new drug amounted to approximately RMB417 million. The Company points out that the new drug is subject to a number of audits before commercialization, including GMP compliance checks and drug registration approval, and that the acceptance of this application will not have a significant impact on the Group's current performance. FUSTAR PHARMACEUTICALS EMPHASIZES THAT DUE TO THE CHARACTERISTICS OF THE PHARMACEUTICAL PRODUCT INDUSTRY, THERE IS UNCERTAINTY ABOUT THE SALES OF THIS DRUG, INVESTORS SHOULD BE AWARE OF INVESTMENT RISKS.