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Lepu Completes $116 Million HK IPO; Trades Flat in Opening Sessions

publication date: Feb 24, 2022

Beijing Lepu Biopharma completed a $116 million Hong Kong IPO and has traded only slightly lower, despite a generally skeptical global reception for pharmaceutical initial offerings recently. The IPO was priced at HK$7.13 per share and the company's shares closed down one cent. Lepu is developing a portfolio of in-licensed oncology candidates, including antibodies, oncolytic viruses and combination therapies. Its lead products are PD-1 and PD-L1 candidates. Lepu Bio was started as the drug development division of Lepu Medical, a medical device and equipment company. More details....

Stock Symbol: (HK: 2157) (SHZ: 300003)

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