By Barbara Obstoj-Cardwell. Editor
On the research front last week, China-based biotech Remegen released positive Phase III results for its telitacicept in myasthenia gravis. By contrast, US pharma giant Pfizer announced disappointing results for its obesity candidate danuglipron and its decision to discontinue development. Meantime, Eli Lilly’s shares leapt after it reported strong Phase III trial data on its diabetes and obesity candidate orforglipron. Additionally, there was welcome news last week for pharma companies operating in the USA, when US President Donald Trump issued an executive order calling for the scrapping of the Inflation Reduction ACT (IA) so-called pill penalty.
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