Livzon Receives China Drug Registration Certificate for Decoction Granules for Phlegm; Hong Kong Shares Slide 3%
Livzon Pharmaceutical (SHE:000513, HKG:1513) received a drug registration certificate from China's National Medical Products Administration for its Banxia Baizhu Tianma decoction granules, according to a Friday disclosure to the Shanghai bourse.The traditional Chinese drug is indicated for wind-phlegm disturbance syndrome, helping resolve phlegm. The drug formula is widely used in dizziness, headache, nausea, and vomiting.Shares fell 3% in Hong Kong during afternoon trading on Friday.