Hengrui Pharma Gets China Nod For Phase II Diabetes Drug Trial
MT Newswires Live
Aug 13
Jiangsu Hengrui Pharmaceuticals (SHA:600276, HKG:1276) has received approval from China's National Medical Products Administration to conduct a Phase II clinical trial for its HRS-4729 injection in adult patients with type 2 diabetes.
The drug is a triple agonist targeting GLP-1R, GIPR, and GCGR receptors, designed to improve glucose metabolism, aid weight loss, and suppress appetite.
The company is already conducting a separate Phase II trial for the drug as a weight-loss treatment, according to a Shanghai Stock Exchange filing on Thursday.
The company has invested about 81.6 million yuan in the research and development of the injection to date.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.