Fosun Pharma Subsidiary Wins China Approval for Venlafaxine SR Tablets
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Shanghai Fosun Pharmaceutical's subsidiary, Fosun Pharma (Xuzhou), has received approval from China's National Medical Products Administration to market Venlafaxine Hydrochloride Sustained-release Tablets, a Class 3 drug for treating depression and anxiety disorders. This approval enhances Fosun Pharma's central nervous system portfolio and competitive position in the antidepressant market. The subsidiary will act as both the marketing authorization holder and manufacturer, supporting revenue diversification. Analysts rate the stock (HK:2196) as a Buy with a target price of HK$35.30.
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