Shandong Xinhua Pharmaceutical Receives Approval for Generic Cefuroxime Axetil Dispersible Tablets in China

• Xincat Pharmaceutical, a subsidiary of Shandong Xinhua Pharmaceutical, has received approval from China’s National Medical Products Administration for its cefuroxime axetil dispersible tablets.
• The approval confirms the quality and efficacy of Xincat Pharmaceutical's cefuroxime axetil dispersible tablets as a generic drug, expanding the company's market presence.
• This regulatory milestone is expected to positively impact Shandong Xinhua Pharmaceutical’s stock value, reflecting investor confidence in the company's growth strategy.

Shandong Xinhua Pharmaceutical Company Limited's subsidiary, Xincat Pharmaceutical, has secured approval from China’s National Medical Products Administration (NMPA) for its cefuroxime axetil dispersible tablets. This approval signifies a crucial advancement for the company, confirming the drug's quality and efficacy as a generic alternative.

The approval allows Xincat Pharmaceutical to manufacture and distribute cefuroxime axetil dispersible tablets within China, expanding its product offerings and market reach. Cefuroxime axetil is a widely used second-generation cephalosporin antibiotic, prescribed for various bacterial infections.

This regulatory milestone is anticipated to positively influence Shandong Xinhua Pharmaceutical’s stock value, reflecting investor optimism regarding the company's growth prospects and strategic initiatives. The approval underscores Xincat Pharmaceutical's commitment to providing high-quality, affordable generic medications to meet the healthcare needs of the Chinese population.