China-based biotech Laekna teams up with Lilly to develop muscle preserving obesity drug [Yahoo! Finance]
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Scholar Rock Holding Corporation (SRRK)
Last scholar rock holding corporation earnings: 11/12 07:30 am
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Source: Yahoo! Finance
WHY IT MATTERS Lilly is aiming to strengthen its position as a leader in the obesity treatment market, which is expected to hit $150 billion in revenue by the next decade. Last year, the company spent about $2 billion to acquire Versanis' drug that acts directly on fat cells, without prompting lean mass loss. Several other drugmakers including Regeneron and Scholar Rock are testing treatments that could help preserve muscle, which is often lost when patients lose weight through lifestyle changes, bariatric surgery or the use of GLP-1 treatments such as Lilly's Zepbound and Novo Nordisk's Wegovy. CONTEXT The collaboration will accelerate the development of Laekna's experimental drug, LAE102, which belongs to a class of drugs that play a key role in muscle regeneration as well as the breakdown and storage of fat for energy. Lilly will fund the development of the drug and share its resources and expertise, but Laekna will retain the global rights for the drug and plans to adva
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SRRK
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- 2/14/25 - Form SCHEDULE
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- SRRK's page on the SEC website