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The latest announcement is out from Innovent Biologics ( (HK:1801) ).
Innovent Biologics has announced that its new drug, mazdutide, a first-in-class dual GCG/GLP-1 receptor agonist, has received approval from the National Medical Products Administration of China for chronic weight management in adults with overweight or obesity. This approval marks a significant milestone as mazdutide is the world’s first dual receptor agonist for weight loss, offering enhanced efficacy and metabolic benefits. The approval aligns with China’s national health initiatives to combat the rising prevalence of obesity, which poses a substantial public health challenge. Supported by robust clinical data, mazdutide has demonstrated superior weight loss efficacy and metabolic benefits, making it a promising treatment option in the fight against obesity and its related comorbidities.
The most recent analyst rating on (HK:1801) stock is a Buy with a HK$65.98 price target. To see the full list of analyst forecasts on Innovent Biologics stock, see the HK:1801 Stock Forecast page.
More about Innovent Biologics
Innovent Biologics, Inc., incorporated in the Cayman Islands, operates in the biopharmaceutical industry. The company focuses on developing and manufacturing biologic drugs, particularly in the cardiovascular and metabolic disease area, aiming to be an innovative leader in this sector.
Average Trading Volume: 26,374,451
Technical Sentiment Signal: Buy
Current Market Cap: HK$136.1B
For detailed information about 1801 stock, go to TipRanks’ Stock Analysis page.