Paon-Fu-Chin Biotechnology Co., Ltd. announced on May 21, 115, that the active pharmaceutical ingredient (API) Ferric Citrate for its new kidney disease drug, Nephoxil 500mg Capsule, has been approved by the National Medical Products Administration (NMPA) of China. This approval helps strengthen the company's API supply chain in the Chinese market and deepens its vertical integration strategy. This approval is separate from the drug product (capsule) approval announced on April 27, 115. New drug development involves risks, and investors should exercise caution.
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- Source: PR Times
- Category: regulatory_approval