Zealand Pharma’s shares plummeted by a record 32% following disappointing data from a Phase 2 trial of its obesity drug, petrelintide, which was tested on overweight and obesity patients without type 2 diabetes. The company is co-developing petrelintide in partnership with Roche, and despite this setback, Zealand Pharma continues to advance its obesity portfolio, including trials for another drug, survodutide, anticipated throughout the year.
Zealand Pharma shares drop 32% on obesity drug data
