Wonderful Sky Financial Group Assists Innovent Biologics, Inc(Stock Code: 1801.HK) with the Successful Listing on HKEx
Innovent Biologics, Inc (Stock Code:1801) was successfully listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) on 31st October 2018.
The founder and visionary leader of Innovent is Dr. De-Chao Michael Yu; he invented the world’s first oncolytic virus-based immunotherapeutic product, Oncorine, and also co-invented and led the development of the first domestic innovative fully human antibody-like therapeutic approved for marketing in China, Conbercept. Innovent has built up a pipeline of 17 antibody drug candidates in the last seven years by leveraging their platform, led by four core products that are in late-stage clinical development in China. As of August 31, 2018, with respect to the four core product candidates, the Company owned three issued Chinese patents and three pending Chinese patent applications, two pending U.S. patent applications, and four pending PCT applications, among others.
Dechao Yu, founder of Innovent Biologics, Inc, delivered a speech at the listing ceremony: Seven years ago, we set out on the mission of "developing high-quality biopharmaceuticals that ordinary people can afford." Today, we will be full of pride and open a new era of Innovent Biologics’ development! I would like to thank the Hong Kong Stock Exchange and the China Securities Regulatory Commission for providing us with a good platform. Thanks to the investment banks, law firms and auditing units, because of your hard work, we have our IPO today! I want to thank all government departments and leaders who have given us guidance and support, so that we can develop so fast! In particular, we would like to thank China for the great era of reform and innovation and the various favorable policies that have provided a broad development stage for the biomedical industry! Let us work together to move forward for the development of the health industry. Thank you all!
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