INNOVENT BIO (01801) saw a late-session surge of nearly 3%, closing up 2.62% at HK$92 with a turnover of HK$747 million. The company announced on November 20 that its Phase III clinical trial (GLORY-2) for Mazdutide Injection (IBI362) in Chinese adults with moderate-to-severe obesity met both primary and all key secondary endpoints. INNOVENT BIO plans to soon submit a new drug application for Mazdutide 9mg for adult weight control to regulatory authorities.
Mazdutide, co-developed by INNOVENT BIO and Eli Lilly, is a glucagon (GCG)/glucagon-like peptide-1 (GLP-1) dual receptor agonist—the first globally approved drug of its kind. It has already received approval in China for two indications: long-term weight management in adults with obesity or overweight, and blood sugar control in adults with type 2 diabetes.