What a difference six months makes. In the depths of last winter the market value of Structure Therapeutics, Inc. almost halved when mid-stage data on its lead asset, the oral GLP-1 agonist GSBR-1290, disappointed in a trial in patients with type 2 diabetes. (Also see "Structure’s Oral Weight Loss Drug Data Underperforms A Big Rival" - Scrip, 18 December, 2023.)
Key Takeaways
- Structure Therapeutics’ oral GLP-1 agonist, GSBR-1290, showed greater weight loss than rival pills in a mid-stage trial.
- But the data are at an early time point, and further trials will be necessary to back them up
Yesterday, the group disclosed strong data with the same molecule from a different trial in obese patients, and its share price has climbed to $52.74 on the NASDAQ – just shy of where it was before the December fall
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