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Xuanzhu Biopharm set for spin-off in Hong Kong IPO

The cash-strapped company has launched a drug to treat duodenal ulcers and is seeking approval for other products, but is up against a host of competing medicines.

This article only represents the author's own views.

Having tried one remedy without success, drug developer Xuanzhu Biopharm is seeking another solution for its financial troubles.

The company has filed to list its shares on the Hong Kong Stock Exchange, just six months after giving up an attempt to join Shanghai’s STAR Market, as it looks for ways to finance ongoing work on new drugs for cancer, digestive ailments and liver disease.

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