[Special Stock] Celltrion Rises 10% on Final Approval of Rekkiro-na Sales in Europe
[Asia Economy Reporter Minji Lee] Celltrion is showing strong gains in early trading.
At 9:17 a.m. on the 15th, Celltrion was trading at 235,000 KRW, up 10% from the previous trading day. The positive impact came from the news that the European Commission (EC) granted final sales approval for the COVID-19 treatment drug Rekirona (CT-P59) in 30 European countries. Celltrion Healthcare and Celltrion Pharm, listed on the KOSDAQ market, also rose 8.3% and 14.54%, respectively.
The target users are adults (18 years and older) confirmed with COVID-19 who do not require supplemental oxygen and are at high risk of progressing to severe illness.
The company stated, "As COVID-19 cases continue to increase due to the prolonged pandemic, demand for COVID-19 treatments is expected to persist," adding, "It can contribute to normalizing the COVID-19 situation by reducing the rate at which existing patients' symptoms worsen to severe illness or death."
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Earlier, on the 11th, Celltrion's stock price showed a slight rise after receiving a recommendation for sales approval of Rekirona from the Committee for Medicinal Products for Human Use (CHMP) under the European Medicines Agency (EMA).
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