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ChiMed scores a China first with fruquitinib approval

Hutchison China MediTech Ltd. (LSE:HCM; NASDAQ:HCM) said China's National Medical Products Administration (NMPA) approved Elunate fruquintinib to treat metastatic colorectal cancer (mCRC). According to Chi-Med, the drug is the first China-discovered and developed product for an oncology indication to receive unconditional approval based on a randomized clinical trial.

The drug, a

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