HK Stock Movement | PEGBIO CO-B (02565) Surges Over 20% at Close to Hit New High, Secures Exclusive License for Diabetes Drug in Middle East & Africa

Stock News

2025/10/31

PEGBIO CO-B (02565) surged over 20% in late trading, reaching a record high of HK$62.25. At the time of writing, the stock was up 16.51% at HK$60.3, with a turnover of HK$30.23 million.

The company recently announced a strategic partnership with UAE-based pharmaceutical R&D leader PDC FZ-LLC, granting it exclusive rights to develop, distribute, market, and commercialize PEGBIO's flagship product, Visepegenatide (PB-119), in the Middle East and Africa. This collaboration marks a critical milestone in PEGBIO's global commercialization strategy.

Visepegenatide (PB-119) is PEGBIO's self-developed once-weekly subcutaneous GLP-1 receptor agonist for treating type 2 diabetes and weight management. According to the International Diabetes Federation, the adult diabetes prevalence rate in the Middle East and North Africa stands at 16.2%, the highest globally. This partnership is expected to accelerate access to Visepegenatide (PB-119) for patients with unmet medical needs in the region.

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