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New Horizon Stages $263 Million HK IPO for Cancer Screening Tests

publication date: Feb 22, 2021

New Horizon Health staged a $263 million IPO last week on the Hong Kong Exchange to support its early cancer screening tests. The stock tripled in trading, giving the company a market cap of $4.3 billion. New Horizon markets two stool based tests in China: ColoClear, a multi-target, FIT-DNA test aimed at people at risk for colorectal cancer, and Pupu Tube, a self-administered FIT test intended to screen a larger population. The company also has two late-stage product candidates for gastric and cervical cancer screening. More details....

Stock Symbol: (HK: 6606)

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