FibroGen Receives Approval from China's Market Regulation Authority for Sale of FibroGen China to AstraZeneca
Sale Approval: The China State Administration for Market Regulation has approved the sale of FibroGen International (Hong Kong) Ltd. to AstraZeneca Treasury Limited, as per a Share Purchase Agreement dated February 20, 2025.
Closing Timeline: The transaction is expected to close in the third quarter of 2025, pending other contractual closing conditions and deliverables.
Company Overview: FibroGen, Inc. focuses on developing novel therapies for cancer biology and anemia, with its product Roxadustat already approved in multiple countries for treating anemia in chronic kidney disease patients.
Forward-Looking Statements: The release includes forward-looking statements regarding FibroGen's future plans and clinical programs, cautioning investors about potential risks and uncertainties that may affect actual results.
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