Pipeline

Drug candidatesMoA/TargetIndicationsProgressCurrent status/Future Milestones
Visepegenatide
Injection
(PB-119)
GLP-1RT2DM
(Monotherapy)
Approved
Launched in China in November 2025
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
Visepegenatide
Injection
(PB-119)
GLP-1RT2DM
(+Metformin)
Approved
Launched in China in November 2025
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
Visepegenatide
Injection
(PB-119)
GLP-1RT2DM
Phase II (US)
Phase I and II clinical trials completed in July 2016 and July 2019, respectively, in the United States. Phase III clinical trial plan is to be finalized
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
Visepegenatide
Injection
(PB-119)
GLP-1ROverweight or obesity
Phase I/II (China)
Phase Ib/IIa clinical trial is being initiated in China, participant enrollment completed in June 2024
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
Visepegenatide
Injection
(PB-119)
GLP-1RT2DM
(Cardiovascular benefits)
IND (China)
IND approved by the NMPA in August 2021 and Phase III clinical trial is to be initiated in 2026 in China
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
Visepegenatide
Injection
(PB-119)
GLP-1RT2DM
(+Basal insulin)
IND (China)
To prepare IND and commence a Phase III clinical trial in China in 2026
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
Visepegenatide
Injection
(PB-119)
GLP-1RT2DM
(+SGLT-2 inhibitor)
IND (China)
To prepare IND and commence a Phase III clinical trial in China in 2026
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
PB-718GLP-1R/GCGROverweight or obesity
Phase I/II (China)
Completed participant follow-up for a Phase Ib/IIa clinical trial in China and Phase IIb clinical trial is expected to commence in China following a communication with the NMPA to be conducted in 2026
PB-718 is a novel long-acting GLP-1/GCG dual receptor agonist primarily designed for the treatment of obesity and MASH.Through dual activation of both GLP - 1 receptor and glucagon(“GCG”) receptor, PB - 718 is designed to achieve a synergistic effect that surpasses the efficacy of either receptor agonist alone, characterized by significant weight loss and reduced appetite.PB-718 had completed a Phase I clinical trial in the United States, which demonstrated its safety profile in healthy participants, and was undergoing a Phase Ib/IIa clinical trial in China for the treatment of obesity.
PB-718GLP-1R/GCGRMASH
Phase I (US)
Phase I clinical trial has been completed in May 2022 in the United States, and IND for a Phase II clinical trial in China is expected to be submitted in 2026
PB-718 is a novel long-acting GLP-1/GCG dual receptor agonist primarily designed for the treatment of obesity and MASH.Through dual activation of both GLP - 1 receptor and glucagon(“GCG”) receptor, PB - 718 is designed to achieve a synergistic effect that surpasses the efficacy of either receptor agonist alone, characterized by significant weight loss and reduced appetite.PB-718 had completed a Phase I clinical trial in the United States, which demonstrated its safety profile in healthy participants, and was undergoing a Phase Ib/IIa clinical trial in China for the treatment of obesity.
PB-1902μ opioid receptorOIC
Phase I (US)
Phase I clinical trial completed in January 2022 in China, and Phase II clinical trial is expected to commence in China in 2026
We are developing PB-1902, an oral, selective opioid receptor antagonist under clinical development in China for OIC. It is designed to effectively alleviate opioid-induced bowel dysfunction without diminishing the central pain-relieving effects of opioids, rendering PB-1902 a potentially optimal treatment option for OIC.
PB-722GCGRCHI
IND (China)
IND approved by the NMPA in May 2023 and Phase I clinical trial is to be initiated in China in 2026
PB-722 is a GCG receptor agonist, for the treatment of congenital hyperinsulinemia. PB-722 has been granted the Orphan Drug Designation by the FDA and has demonstrated its safety in several animal models and its efficacy in raising and maintaining blood glucose levels in a hypoglycemic animal model.In May 2023, the NMPA approved our IND application to conduct clinical trial of PB-722 for the treatment of congenital hyperinsulinemia in China, rendering PB-722 the first drug candidate with IND approval for the treatment of congenital hyperinsulinemia in China.
PB-2301GLP-1R/GIPRT2DM
Overweight or obesity
MASH
Preclinical
NDA submission in China expected in 2026
PB-2301 is our preclinical-stage drug candidate. It has the potential to become the best-in-class GLP-1/GIP dual receptor agonist.
PB-2309GLP-1R/GIPR/
GCGR
T2DM
Overweight or
obesity MASH
Preclinical
NDA submission in China expected in 2026
PB-2309 is our preclinical-stage drug candidate. It has the potential to become the best-in-class GLP-1/GIP/GCG triple dual receptor agonist.
Visepegenatide Injection (PB-119)
MoA/TargetGLP-1R
IndicationsT2DM (Monotherapy)
ProgressApproved
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
Visepegenatide Injection (PB-119)
MoA/TargetGLP-1R
IndicationsT2DM (+Metformin)
ProgressApproved
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
Visepegenatide Injection (PB-119)
MoA/TargetGLP-1R
IndicationsT2DM
ProgressPhase II (US)
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
Visepegenatide Injection (PB-119)
MoA/TargetGLP-1R
IndicationsOverweight or obesity
ProgressPhase I/II (China)
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
Visepegenatide Injection (PB-119)
MoA/TargetGLP-1R
IndicationsT2DM (Cardiovascular benefits)
ProgressIND (China)
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
Visepegenatide Injection (PB-119)
MoA/TargetGLP-1R
IndicationsT2DM (+Basal insulin)
ProgressIND (China)
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
Visepegenatide Injection (PB-119)
MoA/TargetGLP-1R
IndicationsT2DM (+SGLT-2 inhibitor)
ProgressIND (China)
Visepegenatide Injection (PB-119) is a once-weekly injectable long-acting GLP-1 receptor agonist, independently developed by PegBio as a Class 1 new drug. It holds global intellectual property rights and is a major innovative drug project under China's 13th Five-Year Plan. Visepegenatide Injection is primarily used as a first-line treatment for type 2 diabetes and obesity. Among domestically produced GLP-1 products in China, it is the only one that has completed Phase I and Phase II clinical trials in the United States and has been proven to have no ethnic differences in efficacy.
PB-718
MoA/TargetGLP-1R/GCGR
IndicationsOverweight or obesity
ProgressPhase I/II (China)
PB-718 is a novel long-acting GLP-1/GCG dual receptor agonist primarily designed for the treatment of obesity and MASH.Through dual activation of both GLP - 1 receptor and glucagon(“GCG”) receptor, PB - 718 is designed to achieve a synergistic effect that surpasses the efficacy of either receptor agonist alone, characterized by significant weight loss and reduced appetite.PB-718 had completed a Phase I clinical trial in the United States, which demonstrated its safety profile in healthy participants, and was undergoing a Phase Ib/IIa clinical trial in China for the treatment of obesity.
PB-718
MoA/TargetGLP-1R/GCGR
IndicationsMASH
ProgressPhase I (US)
PB-718 is a novel long-acting GLP-1/GCG dual receptor agonist primarily designed for the treatment of obesity and MASH.Through dual activation of both GLP - 1 receptor and glucagon(“GCG”) receptor, PB - 718 is designed to achieve a synergistic effect that surpasses the efficacy of either receptor agonist alone, characterized by significant weight loss and reduced appetite.PB-718 had completed a Phase I clinical trial in the United States, which demonstrated its safety profile in healthy participants, and was undergoing a Phase Ib/IIa clinical trial in China for the treatment of obesity.
PB-1902
MoA/Targetμ opioid receptor
IndicationsOIC
ProgressPhase I (US)
We are developing PB-1902, an oral, selective opioid receptor antagonist under clinical development in China for OIC. It is designed to effectively alleviate opioid-induced bowel dysfunction without diminishing the central pain-relieving effects of opioids, rendering PB-1902 a potentially optimal treatment option for OIC.
PB-722
MoA/TargetGCGR
IndicationsCHI
ProgressIND (China)
PB-722 is a GCG receptor agonist, for the treatment of congenital hyperinsulinemia. PB-722 has been granted the Orphan Drug Designation by the FDA and has demonstrated its safety in several animal models and its efficacy in raising and maintaining blood glucose levels in a hypoglycemic animal model.In May 2023, the NMPA approved our IND application to conduct clinical trial of PB-722 for the treatment of congenital hyperinsulinemia in China, rendering PB-722 the first drug candidate with IND approval for the treatment of congenital hyperinsulinemia in China.
PB-2301
MoA/TargetGLP-1R/GIPR
IndicationsT2DM Overweight or obesity MASH
ProgressPreclinical
PB-2301 is our preclinical-stage drug candidate. It has the potential to become the best-in-class GLP-1/GIP dual receptor agonist.
PB-2309
MoA/TargetGLP-1R/GIPR/GCGR
IndicationsT2DM Overweight or obesity MASH
ProgressPreclinical
PB-2309 is our preclinical-stage drug candidate. It has the potential to become the best-in-class GLP-1/GIP/GCG triple dual receptor agonist.