Summary by Futu AI
Fosun Pharma, based in Shanghai, announced that its subsidiary Chongqing Pharmaceutical Research Institute has obtained approval from the National Medical Products Administration for a new injectable drug Nicorandil for the treatment of unstable angina pectoris, which was independently developed by the company. The development of the new drug has invested approximately CNY 4.46 million (unaudited) by May 2024. According to data from IQVIA CHPA, the sales of Nicorandil for injection in China are estimated to be approximately CNY 785 million in 2023. Fosun Pharma expects that the launch of the new drug will not have a significant impact on the group's current performance, but reminds investors to be aware of the investment risks associated with the specific sales situation of the new drug due to market competition and other factors.