Zydus gets China NMPA approval for Venlafaxine ER Capsules
ZYDUSLIFE · price
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Zydus Lifesciences received approval from China's NMPA for Venlafaxine Extended-Release Capsules in 75 mg and 150 mg strengths. The medicine treats Major Depressive Disorder, Generalised Anxiety Disorder, Social Anxiety Disorder, and Panic Disorder. Production will happen at the company's Moraiya, Ahmedabad facility. This is the group's first approval from NMPA in China, opening access to the Chinese pharmaceutical market.
Opens entry into the large China pharma market. First NMPA approval signals future pipeline expansion in the region. Marginally positive for the stock.