China-based biotech Laekna teams up with Lilly to develop muscle preserving obesity drug
LYFCX Fund | USD 13.35 0.04 0.30% |
Slightly above 54% of Alphacentric Lifesci's investor base is interested to short. The analysis of overall sentiment of trading Alphacentric Lifesci Healthcare mutual fund suggests that many investors are impartial at this time. Alphacentric Lifesci's investing sentiment can be driven by a variety of factors including economic data, Alphacentric Lifesci's earnings reports, geopolitical events, and overall market trends.
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Lilly is aiming to strengthen its position as a leader in the obesity treatment market, which is expected to hit 150 billion in revenue by the next decade. Last year, the company spent about 2 billion to acquire Versanis drug that acts directly on fat cells, without prompting lean mass loss. Several other drugmakers including Regeneron and Scholar Rock are testing treatments that could help preserve muscle, which is often lost when patients lose weight through lifestyle changes, bariatric surgery or the use of GLP-1 treatments such as Lillys Zepbound and Novo Nordisks Wegovy.
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