China FDA approves hep C drug Ganovo
The China Food and Drug Administration (CFDA) has approved Ganovo (danoprevir; ASC08), for the treatment of viral hepatitis C.
USA and China-based biotech firm Ascletis Pharmaceuticals’ Ganovo is the first direct-acting anti-viral agent (DAA) developed by a domestic company in China and has been selected as a National Science and Technology Major Project for "Innovative Drug Development."
Roche (ROG: SIX) has entered a collaboration with Ascletis in 2013, to develop and commercialize danoprevir in China for the treatment of hepatitis C virus (HCV), a drug candidate acquired by the Swiss pharma major from InterMune in a $175 million deal.
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