Zealand Pharma slump wipes billions off its value after obesity drug data disappoints [Yahoo! Finance]
KBC GROUP SA UNSP/ADR (KBCSY)
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Source: Yahoo! Finance
on record, after mid-stage trial results ?for obesity drug petrelintide fell short of investor expectations. The drug, which Zealand is developing ?with Roche, helped patients lose up to 10.7% of their body weight over 42 weeks in a study of 493 patients, according to results released on Thursday. The outcome lags behind results reported for rival obesity treatments, including ?an amylin-based drug candidate from ?Eli Lilly that produced weight loss of up to 20.1% in a comparable mid-stage trial. The intensifying race for ?obesity drugs has set a high bar for efficacy, as drugmakers compete for a slice of a market expected to generate tens of billions of ?dollars annually. The ?disappointment follows a recent setback for ?Novo Nordisk, whose shares slumped ?last month after its next-generation obesity drug underperformed Lilly's rival treatment in a head-to-head trial. Zealand shares hit their lowest level since August 2023 in early Copenhagen trading, wiping roughly 8.3 bil
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