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Pfizer's Decision Not to Pursue Phase 3 Trial of Weight-Loss Drug Raises Concerns

Summary by Clayton County Register
Pfizer Inc.’s recent announcement that it will not proceed with a Phase 3 trial of a twice-daily formulation of a weight-loss drug has sent shockwaves through the pharmaceutical industry. The company’s stock experienced a significant drop of 4% in premarket trading on Friday following the news. The decision came after patients in an earlier study reported a high number of side effects related to the drug. Pfizer’s Phase 2b study of its oral GLP-…
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Clayton County Register broke the news in Elkader, United States on Friday, December 1, 2023.
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