Previous close | 235.10 |
Open | 235.20 |
Bid | 236.90 x 0 |
Ask | 237.10 x 0 |
Day's range | 234.00 - 237.70 |
52-week range | 213.00 - 293.50 |
Volume | |
Avg. volume | 198,400 |
Market cap | 191.277B |
Beta (5Y monthly) | 0.16 |
PE ratio (TTM) | 16.55 |
EPS (TTM) | 14.31 |
Earnings date | 25 Jul 2024 |
Forward dividend & yield | 9.60 (4.05%) |
Ex-dividend date | 14 Mar 2024 |
1y target est | N/A |
Though obesity drugs continue to gain traction, it is currently a duopoly market. As analysts expect demand to grow at an encouraging pace, several biotech/pharma companies are rushing to enter this space.
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Thursday, Genentech, a unit of Roche Holdings AG (OTC:RHHBY), released results from the Phase 1b trial of CT-388, a dual GLP-1/GIP receptor agonist being developed for the treatment of obesity and type 2 diabetes. The study found that a once-weekly subcutaneous injection of CT-388 over 24 weeks resulted in significant weight loss in healthy adults with obesity compared to placebo. The weight loss achieved with CT-388 was clinically meaningful, with a mean placebo-adjusted weight loss of 18.8% (p