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Stock impact report

Can Pfizer Challenge Lilly and Novo Nordisk in the Obesity Market? [Yahoo! Finance]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
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 stock has plunged with sinking sales of its COVID-19 products. But can Pfizer possibly challenge Lilly and Novo Nordisk in the obesity market? Murky outlook Pfizer had high hopes for danuglipron, a GLP-1 agonist like Novo Nordisk's Ozempic and Wegovy. However, those hopes suffered a severe blow after the company announced the results from a phase 2 study of a twice-daily oral formulation of the drug. The side effects were so bad that Pfizer opted not to advance the twice-daily danuglipron into late-stage testing. But Pfizer didn't throw in the towel on the program. The drugmaker still has a phase 1 study evaluating a once-daily formulation of danuglipron. It's fair to say that Wall Street is skeptical about the prospects for the drug, though. During Pfizer's recent first-quart Show less Read more
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