Abigail Townsend Sharecast News
16 May, 2024 11:22 16 May, 2024 11:22

Roche sees positive results from weight-loss trials

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RocheSharecast graphic / Josh White

Roche Holding Ag

29,320.00p

16:20 31/10/24
-1.87%
-560.00p

Roche reported positive trial results for its experimental weight loss treatment on Thursday, sending shares in the Swiss drugs group higher.

Eli Lilly and Company

$829.74

11:10 31/10/24
-2.02%
-$17.09

Novo Nordisk AS

€182.98

16:30 24/09/24
0.00%
€0.00

Announcing the results from phase Ib trials of CT-388, the Basel-based firm said that over 24 weeks, the once-weekly injection had achieved "clinically meaningful and statistically significant" weight loss in healthy test subjects.

The mean placebo-adjusted weight loss achieved was 18.8%.

Levi Garraway, chief medical officer and head of global product development at Roche, said: "The results are highly encouraging for further development of CT-388 for both obesity and type 2 diabetes, and underscore its potential to become a best-in-class therapy with durable weight loss and glucose control."

As at 1115 BST, shares in Roche were trading 3% higher.

The weight loss sector is currently dominated by Novo Nordisk, with its drugs Wegovy and Ozempic, and Eli Lilly & Co’s Zepbound.

Along with CT-388, the treatments belong to a new class of drug called GLP-1 agonists. Developed for type 2 diabetes, they reduce food cravings and cause the stomach to empty more slowly.

Analysts expect GLP-1 drugs to surpass cancer immunotherapies as the best-selling medicines as early as this year, according to Reuters.

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