16 new obesity drugs expected to launch by 2029
New obesity drugs from public and private companies are emerging to challenge the leading positions of Denmark-based Novo Nordisk (NOVN: N) and US pharma major Eli Lilly (NYSE: LLY) in a GLP-1 drug market that is estimated to reach more than $200 billion in annual sales by 2031.
While Novo Nordisk and Lily hold a significant first-mover advantage, a new report from Morningstar and PitchBook predicts 16 new obesity drugs could launch over the next five years.
These new challengers are anticipated to account for roughly $70 billion of the total GLP-1 market.
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