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Zealand Pharma Shares Jump 17% After Positive Trial Results For Ozempic Competitor

Jun 21, 2024, 11:01 AM EDT1 sourcesAI-analyzed

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Summary: - Zealand Pharma shares rose over 17% after positive trial results for petrelintide, a weight loss drug. - Petrelintide reduced body weight by up to 8.6% in a 16-week trial. - Drug mimics amylin, reducing hunger, with promising patient safety and tolerability. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Industry News

  • Summary:
  • Zealand Pharma shares rose over 17% after positive trial results for petrelintide, a weight loss drug.
  • Petrelintide reduced body weight by up to 8.6% in a 16-week trial.
  • Drug mimics amylin, reducing hunger, with promising patient safety and tolerability.

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