Summary by Futu AI
PETROLEUM GROUP CO., LTD. ANNOUNCED THAT ITS DEVELOPED BI-SPECIFIC FUSION PROTEIN DRUG JMT106 HAS RECEIVED APPROVAL FROM THE U.S. FOOD AND DRUG ADMINISTRATION (FDA) FOR CLINICAL TRIALS. The drug is primarily directed against GPC3-positive solid tumors, with targeted killing of tumor cells and activating tumor microenvironmental immunomodulation. Preclinical studies show that JMT106 shows significant antitumor efficacy and good safety in multiple malignant tumor models and is considered to have high clinical development value. The approval of this clinical trial marks a major advance in the field of oncology therapy for the Petrochemical Group and was announced on January 15, 2024 by the Chairman of the Company, Tung Chen Cai.