UNITED LAB Shares Rise Nearly 3% as Its Self-Developed Innovative Drug UBT251 Injection Receives Clinical Trial Implied Permission for OSA Indication

Stock News
Feb 05

Shares of UNITED LAB (03933) climbed close to 3%. At the time of writing, the stock was up 2.7%, trading at HK$12.17, with a turnover of HK$54.12 million.

The increase follows an announcement from the company stating that on February 2, 2026, its wholly-owned subsidiary, Federal Biotechnology (Zhuhai Hengqin) Co., Ltd., received implied permission from China's National Medical Products Administration for clinical trials of its self-developed Class 1 innovative drug, UBT251 injection, for the treatment of moderate to severe obstructive sleep apnea (OSA) comorbid with obesity.

As China's first chemically synthesized novel drug acting as a GLP-1/GIP/GCG triple-target receptor agonist, UBT251 positions the company significantly within the research domain of such therapeutics.

Moving forward, the company remains committed to the research and development of new products, with a strategic focus on enhancing its competitiveness and innovation capacity in the biopharmaceutical industry, which is anticipated to generate greater returns for the company and its shareholders.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10