Cancer drug developer Innovent Biologics files for HK IPO
Innovent Biologics, a Chinese drug developer company with a number of PE backers, has filed for an IPO in Hong Kong under recently introduced rules allowing listings by biotech companies with no revenue or profits.
The size and pricing of the offering have not been announced, though according to media reports the company is seeking up to $500 million. Innovent will use the proceeds from the listing to fund clinical...
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