Innovent's third-quarter 2026 revenue grew over 40% year-on-year, exceeding CNY 4.7 billion, driven by mazdutide, its GLP-1 drug, and recent proprietary products such as SINTBILO and SYCUME, two innovative injections.
Innovent Biologics is one of the leading biotechnology companies in China. Listed on the Hong Kong Stock Exchange in 2018, Innovent has 12 commercialized oncology products and four commercialized nononcology products as of January 2026, and 34 drugs in its research and development pipeline. Its core assets are Tyvyt, a PD-1 inhibitor included in the National Reimbursement Drug Lists (NRDL) for the first-line treatment of five major cancers, and mazdutide, a GLP-1/glucagon dual agonist drug for weight loss, fat breakdown, and Type 2 diabetes. Mazdutide is the first domestic GLP-1 drug produced and competes with Eli Lilly and Novo Nordisk in China. Tyvyt’s main competition includes drugs from Junshi, Jiangsu Hengrui, BeOne, Merck, and Bristol Myers.