Pfizer Inc said on Monday it will drop the development of experimental obesity and diabetes drug lotiglipron and focus on another treatment, as the drugmaker races to tap the promising market for weight loss drugs.
A company logo is seen at a Pfizer office in Puurs, Belgium, December 2, 2022. REUTERS/Johanna Geron/File Photosaid on Monday it will drop the development of experimental obesity and diabetes drug lotiglipron and focus on another treatment, as the drugmaker races to tap the promising market for weight loss drugs.Pfizer said it would discontinue the development of lotiglipron after labs results showed high levels of liver enzymes in patients during clinical studies.
The company will now focus on its other weight loss drug danuglipron, which last month helped patients lose weight on par with Novo Nordisk'sThe path forward for Pfizer's obesity drug franchise becomes more clear after Monday's decision, Cantor Fitzgerald analyst Louise Chen said in a note. The drugmaker said it would finalize plans for the late-stage trial of danuglipron by the end of 2023. It is currently being tested in a mid-stage study on obesity patients.
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