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flag BioAge Labs completes $238.3M IPO to develop muscle-preserving weight loss drug azelaprag.

flag BioAge Labs, a biopharmaceutical company, has completed its IPO, raising $238.3 million to develop its weight loss drug, azelaprag, which aims to preserve muscle mass during weight loss. flag This sets it apart from major competitors like Novo Nordisk and Eli Lilly. flag As a clinical-stage company, BioAge Labs faces significant risks and uncertainty, potentially making it a high-reward investment, but investors may prefer the stability of established players for now.

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