Sleep Apnea Device Maker Stocks Slide on FDA Ruling for Eli Lilly's Zepbound [Yahoo! Finance]
ResMed Inc. (RMD)
Last resmed inc. earnings: 4/30 04:05 pm
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Source: Yahoo! Finance
Shares of ResMed and Inspire Medical Systems fell after the FDA approved Eli Lilly's weight-loss drug Zepbound to treat moderate-to-severe obstructive sleep apnea in adults with obesity. The decision by regulators raised concerns about prescription medicines taking market share from makers of products that currently treat the breathing problem. ResMed's Chief Medical Officer has suggested doctors will prescribe using both drugs and devices such as his company makes together to help sleep apnea suffers. Shares of ResMed ( RMD ) and Inspire Medical Systems ( INSP ) fell Monday as the companies behind products to treat sleep apnea faced a new threat from weight-loss drugs. On Friday, Eli Lilly ( LLY reported that the Food and Drug Administration (FDA) approved its obesity drug, Zepbound, as the first and only medicine to treat moderate-to-severe obstructive sleep apnea in adults with obesity. Lilly noted that the FDA decision came following Phase 3 clinical trials that showed
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RMD
Earnings
- 10/24/24 - Beat
RMD
Sec Filings
- 1/2/25 - Form 144
- 1/2/25 - Form 144
- 12/11/24 - Form 4
- RMD's page on the SEC website