Pfizer advances danuglipron development
Shares of US pharma giant Pfizer (NYSE: PFE) were up more than 3% at $29.25 pre-market, as the company announced progress in its attempt to play a role in the fast-growing obesity sector.
Pfizer today announced that, based on results from the ongoing pharmacokinetic study (NCT06153758), the company has selected its preferred once-daily modified release formulation for danuglipron, an oral glucagon-like peptide-1 (GLP-1) receptor agonist.
Pfizer said it now plans to conduct dose optimization studies in the second half of 2024 evaluating multiple doses of the preferred modified release formulation to inform the registration enabling studies.
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