regulatory
confidence high
sentiment positive
materiality 0.55
MediBeacon receives NMPA approval for Transdermal GFR System in China; sales expected by year-end
INNOVATE Corp.
- NMPA approved Lumitrace (relmapirazin) injection and MediBeacon TGFR Monitor/Sensor for kidney function assessment in China.
- TGFR system will be available for sale in China before end of 2025; commercial partnership with Huadong Medicine (est. 2019).
- CKD affects ~11% of China's 1.4B people; TGFR offers point-of-care tGFR without blood draws or estimating equations.