Photocure Partner Asieris Announces New Drug Application Acceptance for Regulatory Review of Hexvix in China
Portfolio Pulse from Benzinga Newsdesk
Photocure ASA's partner Asieris Pharmaceuticals has announced that China's National Medical Products Administration (NMPA) has accepted the new drug application for Hexvix, a bladder cancer detection drug. Hexvix was licensed to Asieris by Photocure for commercialization in mainland China and Taiwan.

November 29, 2023 | 9:32 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Photocure ASA's partner Asieris Pharmaceuticals has received NMPA acceptance for the NDA of Hexvix in China, which could lead to future revenue growth for Photocure in the Chinese market.
The acceptance of the NDA for Hexvix by the NMPA is a positive regulatory step that could lead to the drug's approval and commercialization in China. This expansion into a new market has the potential to significantly increase Photocure's revenue, as China represents a large market opportunity. The news is directly related to Photocure's business and future prospects, hence the high relevance and importance. The confidence score reflects the positive nature of the regulatory acceptance, although the actual impact on the stock will depend on subsequent approval and commercial success.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80