Updates
** Shares of drug developer Structure Therapeutics GPCR.O rise 3.9% to $55.84
** Co says its oral obesity drug aleniglipron delivered up to 16.3% weight loss, when compared with a placebo after 44 weeks of treatment in a mid‑stage study
** Drug developers are racing to enter the highly competitive weight-loss drug market which is currently dominated by injectable drugs like Novo Nordisk's NOVOb.CO Wegovy and Eli Lilly's LLY.N Zepbound
** Analysts have previously estimated that weight loss of up to 16% would make Structure's aleniglipron competitive with other pills
** RBC Capital Markets says the data adds to growing interest in the oral obesity-drug space, but does not show a meaningfully differentiated profile versus Lilly's orforglipron
** "The initial reaction from the 240mg and 180mg doses looking similar, coupled with discontinuations, could weigh on shares" - BMO Capital Markets
** At 36 weeks, aleniglipron had shown weight loss of up to 15.3% at 240 mg dose - GPCR
** GPCR expects to begin late-stage study in H2
** Including session moves, GPCR down 21.3% YTD
(Reporting by Siddhi Mahatole)
((siddhi.mahatole@thomsonreuters.com))