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Benzinga
Benzinga
Business
The Bamboo Works

Lacking Revenue, Lepu Biopharma Chases IPO to Revive War Chest

Hong Kong

Key takeaways:

  • Lepu Biopharma has yet to generate product-related revenue, and with only $41 million in cash is desperate for a quick capital injection through an IPO
  • Cancer treatment specialist has sold out international portion of its share quota, but domestic portion has met with lukewarm reception
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