Core Viewpoint - Shanghai Pharmaceuticals has received drug registration certificates from the Philippines Food and Drug Administration for its oxytocin injection and octreotide acetate injection, allowing for market entry in the Philippines [1] Group 1: Product Approval - The oxytocin injection is primarily used for induction and labor [1] - The octreotide acetate injection is mainly used for treating acromegaly [1] Group 2: Financial Implications - The company did not incur additional R&D expenses for the product registration, with only registration costs amounting to approximately RMB 50,000 [1] - The approval signifies the company's eligibility to sell these products in the Philippine market, which is expected to positively impact its overseas market expansion [1]
上海医药:下属公司产品获得菲律宾药品注册证书