Tag: Obesity

Can Pfizer Challenge Lilly and Novo Nordisk in the Obesity Market?

Weight loss translates to investor profits. Just look at Eli Lilly and Novo Nordisk. Both stocks have skyrocketed thanks largely to their obesity drugs, with Lilly’s share price more than quadrupling and Novo’s shares more than tripling over the last three years. Meanwhile, Pfizer‘s (NYSE: PFE) fortunes have taken a different path. The big pharma […]

Amgen Soars After CEO Gives Update on Experimental Obesity Drug

(Bloomberg) — Amgen Inc.’s shares soared in late trading after its chief executive officer said he was “very encouraged” by early results from a study of the company’s experimental obesity drug, MariTide. Most Read from Bloomberg “We recognize the significant interest in obesity,” Amgen CEO Robert Bradway said Thursday on a call with investors. “We […]

UPDATE 5-Novo Nordisk raises outlook fuelled by obesity drug demand

(Updates shares in paragraph 3, explanation of share drop in paragraph 4) By Maggie Fick LONDON, May 2 (Reuters) – Novo Nordisk raised its 2024 outlook on Thursday and delivered better-than-expected first-quarter profits as the Danish drugmaker races to boost output of its Wegovy weight-loss drug and fend off competition from rival Eli Lilly. Novo […]

Novo Nordisk raises outlook fuelled by obesity drug demand

By Maggie Fick LONDON (Reuters) – Novo Nordisk raised its 2024 outlook on Thursday and delivered better-than-expected quarterly profits as the Danish drugmaker races to boost output of its hugely popular weight-loss drug Wegovy and fend off competition from rival Eli Lilly. The small raise to the outlook and forecast-beating results underscore Wegovy’s success and […]