$INNOGEN-B(02591)$ is gearing up for a $100 million Hong Kong IPO to fuel its GLP-1 obesity drug development, diving headfirst into China's competitive weight-loss drug market. With their once-weekly injectable therapy, Diabegone, already approved for type 2 diabetes treatment in China and showing potential for weight reduction, Innogen's poised to take on established players like
$Novo-Nordisk A/S(NVO)$ and
$Eli Lilly(LLY)$ . This strategic move could be a game-changer for the company, offering a chance to tap into the growing demand for GLP-1-based treatments.
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