Taken from Jat ann today, cfda is no more. Not sure if wha is...

Taken from Jat ann today, cfda is no more. Not sure if wha is screwed or not due to this change. But $360m mc is getting more overvalued day by day.

Change in Chinese Regulatory Product Approval Process At the conclusion of the 13th National People’s Congress of the People’s Republic of China on 21 March 2018, it was announced that the China Food and Drug Administration (CFDA) will merge with other administrative bodies to form a national market supervision administration.

The official Chinese name of the new organisation is 国家市场监督管理总局 An official English name for the new organisation has not yet been formally announced but the Xinhua News Agency has referred to it as the “State Market Regulatory Administration.” Jatenergy Directors are advised that the above announcement means that the new organisation formally came into existence on 21 March 2018 and that the CFDA was formally abolished on the same day, so no longer exists