Summary by Moomoo AI
PETROLEUM GROUP CO., LTD. ANNOUNCED THAT ITS DEVELOPED NEW CHEMICAL CLASS 1 DRUG, THE HIGHLY SELECTIVE MAT2A INHIBITOR SYH2039, HAS BEEN APPROVED FOR CLINICAL TRIALS BY THE U.S. FOOD AND DRUG ADMINISTRATION (FDA). The drug is specialized for MTAP-deficient tumor cells and was approved for clinical trials in China in March 2024. SYH2039 has excellent in vitro activity and safety, and is expected to become a leading anti-tumor drug. The pharmaceutical group said the product has significant clinical development value for MTAP-deficient tumors for the lack of effective treatment. The announcement was made by Chairman of the Board of Directors Tung Chen on 26 April 2024.