Structure Therapeutics reports compelling data on obesity candidate GSBR-1290
Shares of US biotech Structure Therapeutics (Nasdaq: GPCR) shot up as much as 71% yesterday and gained a further 4.6% to $55.17 in pre-market activity on the back of encouraging research results on its oral GLP-1 weight management candidate.
San Francisco-based Structure announced positive 12-week top-line obesity data from its Phase IIa study of GSBR-1290, along with positive top-line results from its capsule to tablet PK study. Both studies achieved their primary and secondary objectives.
Leerink Partners analyst David Risinger said "GSBR-1290 delivers compelling obesity efficacy and looks comparable to Eli Lilly's experimental weight-loss pill orforglipron, based on the results after three months of treatment."
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