PegBio Co., Ltd. is a biopharmaceutical company based in Hangzhou, China, focused on research and development of medicines for chronic diseases. Its pipeline includes PB-119, a GLP-1 receptor agonist for type 2 diabetes and obesity; PB-718, a long-acting GLP-1 receptor agonist that has completed Phase Ib/IIa trials for non-alcoholic steatohepatitis (NASH) and is also being developed for obesity; and PB-1902, an opioid receptor antagonist in Phase II trials for opioid-induced constipation and obesity. The company is also developing GLP-1 for first-line treatment of type 2 diabetes and obesity, and PB-722, which has received FDA orphan drug designation for congenital hyperinsulinemia. Additionally, it is conducting preclinical studies on PB-2301, a GLP-1/GIP dual agonist, and PB-2309, a GLP-1/GIP/glucagon triple receptor agonist, for type 2 diabetes, NASH, and obesity. PegBio has a research and development collaboration with Rani Therapeutics to expand its obesity pipeline across multiple novel candidates. The company was incorporated in 2008.