September 12, 2024 07:15 GMT
HEALTHCARE: Roche (ROSW: Aa2/AA): Dropping On Weight-Loss Pill Fail
HEALTHCARE
- Neutral for credit: This is really an equity story for now
- Roche is clearly desperate to show some progress in the gold-rush of weight-loss medication.
- It released the results of a small Phase 1 trial for CT-996.
- While the pill (not injection) was effective it had negative side effects including raised liver enzymes.
- The equity market is focussing on the negatives.
- Yesterday, NOVOB rallied on results for its early-stage pill trials.
- Pills are preferable to injections but the dosage has to be higher and therefore more prone to side-effects.
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