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2652 — CF PharmTech News Story

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CF PharmTech climbs most in 4 weeks on product marketing application in Asia

BUZZ-CF PharmTech climbs most in 4 weeks on product marketing application in Asia

** Shares of CF PharmTech Inc 2652.HK climb 7.1% to HK$21.06, on track for the biggest one-day pct gain since April 28

** Stock hits the highest point since May 20

** China-based innovator in inhalation drug delivery technology said it has submitted a marketing authorization application for CF017, a budesonide suspension for inhalation, to the relevant drug regulatory authority in a Southeast Asian market

** The submission of marketing authorization applications for CF017 in the Southeast Asian market marks a further step in the group's global strategy to extend its international commercialization footprint - Co

** YTD, stock down 42.3%, Hang Seng Biotech Index .HSBIO down 8.2%


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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