- In August 2024, Eli Lilly and Company announced that Tirzepatide (Zepbound and Mounjaro) reduced the risk of developing type 2 diabetes by 94% in adults with prediabetes and obesity or overweight, according to the SURMOUNT-1 study. The 176-week trial showed an average 22.9% weight loss with the 15 mg dose. In addition, Tirzepatide demonstrated consistent safety and tolerability
- In July 2024, Amylyx Pharmaceuticals acquired Avexitide, a GLP-1 receptor agonist, from Eiger Biopharmaceuticals, Inc., with FDA breakthrough therapy designation for treating Postbariatric Hypoglycemia (PBH) and congenital hyperinsulinism. Avexitide showed significant efficacy in reducing severe hypoglycemic events in Phase 2 trials and is set to enter Phase 3 trials for PBH in early 2025
- In February 2024, Eli Lilly and Company anticipated launching Mounjaro, its highly successful diabetic medication and obesity treatment, in India as early as next year if it passes an ongoing regulatory evaluation. This product is expected to impact Indian market growth positively
- In January 2024, Novo Nordisk A/S announced research alliances with two U.S. biotech firms. As part of its efforts to keep ahead of big pharma in discovering more medicines for cardiometabolic disorders
- In November 2023, Novo Nordisk A/S announced that it planned to introduce its immensely popular anti-obesity medicine, Wegovy, in Japan on February 22, marking its first launch in Asia, even as it struggles to keep up with demand in existing regions
