FINWIRES · TerminalLIVE
FINWIRES

Shanghai Fosun Pharmaceutical's GR1803 Injection Gets Conditional Approval in China

By

Shanghai Fosun Pharmaceutical's (HKG:2196, SHA:600196) GR1803 injection received conditional approval from China's National Medical Products Administration as a multiple myeloma treatment, according to a Friday disclosure on the Shanghai bourse.

The drug, which has the generic name veritumab injection, is for adult patients with relapsed or refractory multiple myeloma who have previously received at least three lines of therapy, including a proteasome inhibitor and an anti-CD38 monoclonal antibody.

Related Articles

Asia

Kawan Renergy Unit Gets Regulatory Nod for Biomass Power Plant

Kawan Renergy (KLSE:KENERGY) unit Magenko Renewables (Ipoh) received approval from the Sustainable Energy Development Authority Malaysia for a 2.5-megawatt biomass power plant under the 2026 Feed-in Tariff system, according to a Thursday Malaysian bourse filing.The project has an installed capacity of 2.5 megawatts, and net export capacity of 2 megawatts. The Feed-in Tariff is scheduled to commence on Aug. 17, 2029, and run for 21 years.The basic tariff is 0.38 ringgit per kilowatt-hour for the first 10 years, and 0.288 ringgit per kilowatt-hour for the remaining period.The project will be financed through IPO proceeds and bank financing, it said.

KLSE:KENERGY
Asia

Market Chatter: SBI Holdings to Secure 20% Stake in Indonesia's Ajaib Group for $270 Million

SBI Holdings (TYO:8473) plans to purchase a 20% stake in Indonesia-based online brokerage Ajaib Group for $270 million by the end of August, making the latter an equity-method affiliate, Nikkei Asia reported Friday.Ajaib offers online brokerage, foreign-exchange margin trading, cryptocurrency and asset management services. SBI Holdings plans to work with Ajaib to promote its Japanese yen stablecoin JPYSC, and expand its cryptocurrency business abroad, the report said.SBI Holdings and Ajaib Group did not immediately respond to requests for comment from.Shares of SBI Holdings added nearly 1% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:8473
Asia

Bank of Nanjing to Redeem 5 Billion Yuan in Preferred Shares

Bank of Nanjing (SHA:601009) on Sept. 7 will fully redeem all 50 million outstanding preferred shares totaling 5 billion yuan.The move followed the receipt of a no-objection letter from the Jiangsu Regulatory Bureau, according to a Thursday aftermarket filing with the Shanghai bourse.

SHA:601009