Guangzhou Baiyunshan Pharmaceutical's (SHA:600332, HKG:0874) subsidiary, Guangzhou Baiyunshan Qixing Pharmaceutical, received approval from China's National Medical Products Administration for the clinical trial of Xu Han Ting Granules for a new indication, according to a Shanghai bourse filing on Tuesday.
The drug will be tested as a treatment for recurrent respiratory tract infections in children.
The pharmaceutical company's Hong Kong shares rose 2% during the morning trade.
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