Sign In  |  Register  |  About Walnut Creek Guide  |  Contact Us

Walnut Creek, CA
September 01, 2020 1:43pm
7-Day Forecast | Traffic
  • Search Hotels in Walnut Creek Guide

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Pfizer advances once-daily weight-loss pill in ongoing study

Pfizer announced that it's advancing its oral weight-loss treatment, called danuglipron, to the next round in an ongoing study after seeing "encouraging" results.

On Thursday, Pfizer announced plans to advance its weight-loss pill after "encouraging" results from an early-stage study. 

The pharmaceutical giant is trying to tap into the highly lucrative market for obesity drugs currently dominated by the likes of Eli Lilly and Novo Nordisk. 

HIMS & HERS ROLLS OUT WEIGHT-LOSS SHOTS MUCH CHEAPER THAN OZEMPIC, WEGOVY

Pfizer said it has a "robust pipeline" of three clinical and several other pre-clinical candidates but that danuglipron, a once-a-day oral treatment, was "the most advanced of them." 

The company plans to conduct tests later this year to determine the ideal dose of the drug. 

Mikael Dolsten, the chief scientific officer of Pfizer Research and Development, believes that "a once-daily formulation has the potential to have a competitive profile in the oral GLP-1 space." 

ELI LILLY'S CAMPAIGN SEEKS TO RESOLVE WEIGHT-LOSS DRUG MISCONCEPTIONS

GLP-1 agonists are a class of Type 2 diabetes drugs that improves blood sugar control but may also lead to weight loss. Semaglutide, which is the active ingredient in Novo Nordisk's Wegovy and Ozempic, as well as tirzepatide, which is the active ingredient in Eli Lily's Mounjaro and Zepbound, are considered GLP-1 drugs.  

Danuglipron could help the company turnaround losses incurred due to the drop in demand for its COVID-19 products, Comirnaty and Paxlovid. 

Morgan Stanley said in May that obesity drugs "proved to be a disruptor on a scale matched by few other pharmaceutical innovations.

"Their emergence, along with a change in the way that obesity and related illnesses are regarded and treated, has put the new class of drugs on a blockbuster path with no signs of letting up," the company wrote. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Morgan Stanley analysts projected that the global obesity drug market will reach over $100 billion in 2030 but could notch as high as $144 billion especially as their use expands beyond weight loss to help treat other diseases, according to Morgan Stanley analysts. 

There were $6 billion in sales alone in 2023. 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 WalnutCreekGuide.com & California Media Partners, LLC. All rights reserved.