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Pfizer advances weight-loss pill in race to market, hopes to ease post-Covid decline
- Pfizer expects the pills to capture about a third of the obesity drug market that is predicted to grow to about US$130 billion by the end of the decade
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Pfizer is moving forward with a weight-loss pill as the drug maker seeks to crack the multibillion-dollar market for obesity medications and mount a comeback from its post-pandemic malaise.
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The once-daily treatment, called danuglipron, will progress to a mid-stage study in the second half of this year, Pfizer said on Thursday, having cleared a scientific hurdle in a small study.
The next trial will be designed to find an ideal dose of the pill, Pfizer said, and the drug will move into the final stage of development if it succeeds.
Pfizer shares rose nearly 3 per cent before paring back in early trading in New York.
The pill is designed as a needle-free alternative to popular weight-loss shots from Novo Nordisk and Eli Lilly.
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Pfizer has said it expects pills to eventually capture about a third of the obesity drug market, which analysts have predicted will grow to about US$130 billion by the end of the decade.

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