Graviton Biopharmaceuticals Holdings CEO Sam Waksal argues that there will be ‘great growth’ in the pharmaceutical industry.
Shares of Eli Lilly jumped Tuesday after a study showed its blockbuster weight-loss drug significantly reduced the risk of overweight patients developing type 2 diabetes.
Results from a recent trial showed weekly shots of tirzepatide injections significantly reduced the risk of progression to type 2 diabetes by 94% among adults with pre-diabetes and obesity compared to the placebo, according to the pharmaceutical giant.
The treatment with the drug, currently sold under the brand names Zepbound and Mounjaro, also resulted in sustained weight loss through the treatment period, with adults on the highest dose experiencing a 22.9% average decrease in body weight.
WEIGHT-LOSS MEDICATION SHORTAGE CREATES MARKET FOR BOGUS DRUGS
To get the findings, about 1,032…
