
SinoMab Wins China IND Nod to Expand SM17 Into Inflammatory Bowel Disease

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SinoMab Bioscience Ltd. has received approval from China's National Medical Products Administration for an investigational new drug application to test SM17 in inflammatory bowel disease, expanding its use beyond atopic dermatitis. The company completed a Phase I study and plans to advance to Phase II trials. SM17 is a humanized monoclonal antibody targeting the IL-25 receptor, offering a new option for ulcerative colitis and Crohn's disease. Analysts currently rate the stock as a Sell with a price target of HK$1.50.
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