Goldman Sachs just raised its market estimates
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Dear Fellow Investor,
With growing interest in obesity treatments, Goldman Sachs just raised its market estimates from $100 billion to $130 billion. "The estimate was revised as the firm projects the number of Americans on anti-obesity drugs could reach ~19M by 2030, up from its previous estimate of ~15M. This indicates a ~17% market penetration among U.S. adults," as noted by Seeking Alpha.
While that's certainly great news for obesity treatment heavyweights like Eli Lilly (SYM: LLY) and Novo Nordisk (SYM: NVO), it's also fueling momentum in up-and-coming treatment stocks, like:
Company: Viking Therapeutics (SYM: VKTX)
With Viking Therapeutics, the company is seeing good success with its GLP-1 obesity drug trials. It already reported that its Phase 2 VENTURE trial successfully achieved is primary endpoint and all secondary endpoints. It also said patients receiving VK-2735 demonstrated weight loss after 13 weeks, rating up to 14.7% from baseline weight. Better, VKTX is about to start Phase 2 trials of its once-a-day weight loss pill. Viking said patients who received the pill once a day lost up to 5.3% of their weight on average, or up to 3.3% more than those who took a placebo, at 28 days, as noted by CNBC.
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Company: Altimmune (SYM: ALT)
The company's pemvidutide treatment led to weight loss while preserving lean mass, as noted in trial data. In addition, data from a 48-week trial showed that about 74.5% of weight loss was linked to fat tissue. About 25.5% was linked to lean mass, which may give it a leg up against the competition. "We believe that pemvidutide has the potential to distinguish itself broadly from other therapies for the treatment of obesity," ALT CEO Vipin Garg added.
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Company: Structure Therapeutics (SYM: GPCR) GPCR is moving forward with its 36-week Phase 2b obesity study later this year. GPCR believes its GSBR-1290 obesity treatment is "uniquely positioned as an oral, non-peptide small molecule GLP-1 receptor agonist that can be manufactured at scale and significantly help address the growing obesity epidemic, which current peptide GLP-1s are not able to do."
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