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By Teng Jing Xuan / Dec 04, 2018 12:22 PM / Society & Culture

Photo: VCG

Photo: VCG

Chinese companies that produce alternatives to the potent opioid fentanyl are seeing their stocks soar after U.S. President Donald Trump and Chinese President Xi Jinping reached an agreement to curb movement of the drug from China into the U.S. at the G-20 Summit Saturday.

Guangxi-based Galaxy Biomedical and Tibet AIM saw their Shenzhen stocks rise by the 10% daily limit Tuesday morning. Both companies produce fentanyl alternatives, Yicai reported.

Drugs like Carfentanil are analogous to fentanyl in terms of their effects and strength, but aren't legally considered fentanyl and stand a chance of slipping through legal loopholes if a fentanyl export ban comes into effect.

Related: Xi Pledges to Control Drug That Killed 29,000 Americans Last Year


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