Apeloa Pharmaceutical Unit Wins China Approval for Levocarnitine Oral Solution; Shares Up 5%
Apeloa Pharmaceutical's (SHE:000739) unit Zhejiang Apeloa Kangyu Pharmaceutical received a drug registration certificate from China's National Medical Products Administration for its levocarnitine oral solution, according to a Shenzhen bourse filing on Wednesday.The drug is used to treat primary systemic carnitine deficiency and secondary carnitine deficiency.The pharmaceutical company's shares jumped 5% during the afternoon trade.