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Pfizer has dropped its plans for a twice-daily weight-loss capsule after trials confirmed it induced important uncomfortable side effects.
The halt of its growth is a blow to the drugmaker’s hopes of capitalising on the clamour for weight problems remedies in mild of the success of Wegovy, developed by Danish rival Novo Nordisk.
Pfizer shares fell 5.9pc after markets opened on Wall Street after greater than half of the individuals in its medical trial for the brand new drug dropped out over its uncomfortable side effects.
The firm had stated final yr that its oral weight problems drugs might generate greater than $10bn (£7.9bn) in future revenues.
It ended the trial of danuglipron after individuals within the trial reported gastrointestinal uncomfortable side effects, with many reporting nausea, vomiting and diarrhea.
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