The company desperately needs some of the obesity drug fervor that's lifted Lilly and Novo.
Pfizer is approaching a do-or-die milestone in the coming weeks, as it prepares to unveil new data on its weight-loss pill. If the drug works well, Pfizer could capture some of the investor enthusiasm that has blasted the share prices of Novo Nordisk and Eli Lilly into the stratosphere this year.
But if the drug works well and has minimal safety risks, analysts say it could give Pfizer a chunk of the oral obesity pill market, which is expected to be worth tens of billions of dollars a year by the end of the decade. Pfizer has said it expects to report results of the trial before the end of the year. Below, four big questions investors are asking ahead of the announcement.Danuglipron is a GLP-1 receptor agonist, similar to the drug that Novo markets under the name Wegovy. Much of the focus on the new, highly effective weight-loss drugs from Novo and Lilly has been on injectable versions. But companies are also working on more convenient pill forms.
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