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CSPC Innovation Pharma's Colorectal Cancer Drug Gets US FDA's Fast Track Designation; Shares Up 4%

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CSPC Innovation Pharmaceutical's (SHE:300765) first-in-class PD-1/IL-15 bispecific fusion protein, SYS6090 (JMT108), received a fast track designation from the U.S. Food and Drug Administration, according to a Wednesday disclosure on the Shenzhen bourse.

The Chinese pharmaceutical company's shares rose 4% during Thursday's afternoon trade.

The drug is developed by the company's subsidiary, CSPC Giant Biopharmaceutical, as a treatment for patients with microsatellite-stable or mismatch repair-proficient metastatic colorectal cancer.

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Gree Electric Appliances H1 Profit, Revenue Down 8%

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