Ascletis hits record high on weight loss drug's potential in early trial
** Ascletis Pharma 1672.HK rises 9.7% to record high of HK$15.95; set for fifth straight session of gains ** Pharmaceutical products maker says its ASC47 shows greater efficacy with tirzepatide ** Notes pre-clinical data builds on evidence of ASC47's potential as important therapeutic approach to treat obesity ** Adds ASC47 low dose and tirzepatide combination shows 87% more relative weight loss vs tirzepatide monotherapy ** ASC47 is a muscle-preserving weight loss drug candidate for treatment of obesity ** YTD, stock surges 426.6% (Reporting by Donny Kwok) ((donny.kwok@thomsonreuters.com))
Recent news on Ascletis Pharma
See all newsAscletis hits 4-week high on initiating US Phase I study on obesity drug
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Brief: Ascletis Announces First Participant Dosed In A Global Phase III Clinical Program Of Once-Daily Oral Small Molecule Glp-1 Receptor Agonist ASC30 For Chronic Weight Management