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PegBio Plans Hong Kong IPO to Support Long Acting GLP-1 for Diabetes/Obesity

publication date: Mar 14, 2024

PegBio, a Suzhou biotech, has filed for a Hong Kong IPO to support commercialization of its long-acting pegylated GLP-1 receptor agonist for type 2 diabetes and obesity. The company says its pegylated technology will require only a once-weekly administration for PB-119. PegBio has filed for NMDA approval of the drug, which has completed two China Phase III trials in T2DM patients, one as a monotherapy and the other in combination with metformin. The company expects a ruling in late 2024, allowing for a launch in early 2025. It has five additional novel products in development. More details....

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