
Sino Biopharm Wins China Nod for New Lung Cancer Use of PD-L1 Drug

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Sino Biopharmaceutical has received Chinese regulatory approval for its PD-L1 inhibitor, benmelstobart, for use as maintenance therapy in patients with unresectable stage III non-small cell lung cancer. This approval is based on positive phase III trial results and positions Sino Biopharmaceutical as a strong competitor in China's lung cancer market. The stock currently holds a Hold rating with a price target of HK$7.90. The company focuses on innovative drug development, particularly in oncology, and has a market cap of HK$116.6B.
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