Zhifei to enter metabolic diseases space with Chenan buy

27 November 2023

China’s Zhifei Biological Products (SHE: 300122), a developer of vaccines and biological products, plans to acquire Chenan Biopharmaceutical.

Zhifei will enter the metabolic diseases field by acquiring Chenan, which currently has six drug candidates that have entered clinical studies.

These candidates include the GLP-1 derivative liraglutide and the insulin degludec, which have completed Phase III studies, while the firm is in late-stage testing of the injectable recombinant semaglutide, the active ingredient in Novo Nordisk's (NOVN: VX) diabetes drug Ozempic and its big-selling obesity treatment Wegovy.

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