Chengdu Shibeikang Biomedical Technology Co., Ltd. has recently received official approval from the National Medical Products Administration (NMPA) to initiate clinical trials for its independently developed Class 1 chemical new drug, SBK002. The notice states, “In accordance with the Drug Administration Law of the People’s Republic of China and relevant regulations, following a comprehensive review, the application meets the requirements for drug registration and is hereby approved for clinical trials”.