Previous close | 261.27 |
Open | 261.27 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 260.00 - 263.86 |
52-week range | 233.12 - 323.78 |
Volume | |
Avg. volume | 10,066 |
Market cap | 210.628B |
Beta (5Y monthly) | 0.16 |
PE ratio (TTM) | 16.57 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 10.86 (4.16%) |
Ex-dividend date | 14 Mar 2024 |
1y target est | N/A |
Though obesity drugs continue to gain traction, it is currently a duopoly market. As analysts expect demand to grow at an encouraging pace, several biotech/pharma companies are rushing to enter this space.
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Thursday, Genentech, a unit of Roche Holdings AG (OTC:RHHBY), released results from the Phase 1b trial of CT-388, a dual GLP-1/GIP receptor agonist being developed for the treatment of obesity and type 2 diabetes. The study found that a once-weekly subcutaneous injection of CT-388 over 24 weeks resulted in significant weight loss in healthy adults with obesity compared to placebo. The weight loss achieved with CT-388 was clinically meaningful, with a mean placebo-adjusted weight loss of 18.8% (p