Summary by Futu AI
The pharmaceutical group announced that its developed Smegreptide injection has been approved for clinical trials by China's National Drug Administration for weight management in overweight or obese patients. This is the second indication for this product to be approved after glycemic control for type 2 diabetes. Simegropeptide injection was prepared using a chemical synthesis method with higher purity and lower impurity levels, and demonstrated similar bioactivity and weight loss effects in preclinical studies to similar products prepared by DNA remodeling technology. Pesticide Group made this announcement on March 25, 2024.