Novo Nordisk's next-gen obesity drug CagriSema achieves lower weight loss than expected [Yahoo! Finance]
Eli Lilly and Company (LLY)
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Source: Yahoo! Finance
obesity drug CagriSema helped overweight patients cut their weight by 22.7% in a late-stage trial, below the 25% it had expected, sending its shares down sharply. The lower-than-expected weight loss from the drug candidate deals a blow to the Danish drugmaker's ambitions for a successor to its popular Wegovy more powerful than Eli Lilly's Zepbound. Investors and analysts had eagerly awaited this data as a test of Novo's case that it has a strong pipeline of drugs to follow Wegovy in the fiercely competitive anti-obesity market. Novo's share price fell by 19.5% after the announcement of the results on Friday to their lowest since August 2023. The data from the Phase III trial was based on about 3,400 people with a body mass index (BMI) of or above 30 or people with a BMI of 27 and at least one weight-related comorbidity like hypertension or cardiovascular disease after 68 weeks. Novo said the drug had similar side effects compared to its GLP-1 drugs already on the market. In
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LLY
News
- US Approves First Drug Treatment For Sleep Apnea [Barron's]Barrons
- FDA approves weight-loss drug Zepbound for obstructive sleep apnea [CNN]CNN
- Novo Nordisk stock plunges 20% after a trial of its latest weight loss drug disappoints [Yahoo! Finance]Yahoo! Finance
- FDA approves weight loss drug Zepbound for sleep apnea [MSNBC.com]MSNBC.com
- FDA Approves First Medication for Obstructive Sleep Apnea [Yahoo! Finance]Yahoo! Finance
LLY
Earnings
- 10/30/24 - Miss
LLY
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- LLY's page on the SEC website