Summary by Futu AI
CSPC Pharma Limited ("the Company") announced that its developed antibody-drug conjugate CPO301 has been granted Fast Track designation by the US Food and Drug Administration (FDA). CPO301 is used to treat recurrent or metastatic squamous non-small cell lung cancer (NSCLC) patients with epidermal growth factor receptor (EGFR) overexpression whose disease has progressed after receiving platinum-based chemotherapy and anti-PD-(L1) therapy. The drug has demonstrated good efficacy and safety in Phase I studies in China and the USA. This is the second Fast Track designation obtained by CPO301, aimed at accelerating its development in the USA. The announcement was made by the board of directors on October 8, 2024, led by Chairman Cai Dongchen.