Tasly Pharmaceutical's (SHA:600535) subsidiary, Tianjin Tasly Shengte Pharmaceutical, received approval from China's National Medical Products Administration for the clinical trial of TSL2402 tablets, according to a Shanghai bourse filing over the weekend.
The pharmaceutical company's shares slipped 1% at the close of Monday's trade.
The drug is being developed as a treatment for primary biliary cholangitis patients with liver fibrosis staged at Scheuer S2 or above, who are able to tolerate basic treatment with ursodeoxycholic acid.