The competition for weight loss drugs is heating up, with Viking and Astrazeneca's oral weight loss medications able to compete with injectables

Wallstreetcn
2024.11.04 17:59
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Viking's newly developed oral weight loss pill enabled participants to lose an average of 6.8% of their weight within 28 days, exceeding expectations with mild side effects. AstraZeneca's oral pill "AZD5004" resulted in an average weight loss of 5.8% over four weeks with good tolerance. Analysis indicates that their products are expected to compete with best-selling injectables from companies like Eli Lilly and Novo Nordisk, as oral medications are also cheaper, easier to manufacture, and help patients adhere to treatment long-term, potentially attracting more patients. Following this news, Viking's stock price initially rose over 8.5% but ultimately fell more than 9%. AstraZeneca's stock rose over 3.1% at one point