Core Viewpoint - LIZHU Group has announced the completion of Phase III clinical trials for its LZM012 project targeting psoriasis and ankylosing spondylitis, with key data locked and read out, and plans to submit a formal application for market approval by the end of this year [1] Group 1: Clinical Development - Both indications for LZM012, psoriasis and ankylosing spondylitis, have completed Phase III clinical trials [1] - The key Phase III clinical data has been locked and read out [1] - The company is actively preparing relevant documentation for the upcoming market application [1] Group 2: Regulatory and Market Position - The company has received formal feedback from the CDE, indicating that LZM012 will be prioritized for review [1] - LZM012 is the first domestic Phase III study for psoriasis with PASI100 as the primary endpoint, demonstrating superior efficacy compared to secukinumab [1] Group 3: Business Development - The company is in deep discussions with relevant parties regarding external licensing cooperation details, including due diligence [1] - Any further developments in this area will be announced in a timely manner [1]