Jiangsu Hengrui Pharmaceuticals' (SHA:600276, HKG:1276) subsidiary Fujian Shengdi Medicine received clinical trial approval from China's National Medical Products Administration for its self-developed HRS-4139 tablets for psoriasis.
Research and development investment for the drug reached 20.4 million yuan to date, according to a Wednesday filing with the Shanghai bourse.
The drugmaker's Hong Kong shares rose 3% during morning trading on Wednesday.