Joincare Pharmaceutical's Unit Gets Nod for Banxia Baizhu Tianma Granules
Joincare Pharmaceutical's (SHA:600380) indirectly-owned unit, Sichuan Guangda Pharmaceutical, received a drug registration certificate from China's National Medical Products Administration for Banxia Baizhu Tianma Decoction Granules, according to a Shanghai bourse filing on Friday.The drug is used to treat phlegm, strengthen the spleen, and eliminate dampness.The certificate is valid until July 20, 2031.The pharmaceutical company's shares fell 3% at the close.