Novo Nordisk and Eli Lilly shares slide on new obesity drug trial from Roche

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Novo Nordisk and Eli Lilly shares slide on new obesity drug trial from Roche
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Novo Nordisk and Eli Lilly shares slid Wednesday on promising early-stage trial data from Roche’s latest obesity drug candidate.

Novo Nordisk and Eli Lilly shares slid Wednesday on promising early-stage trial data from Roche's latest obesity drug candidate.The results come as competition mounts in the fast-growing weight loss drug sector, with Roche's pill likely to provide an appealing alternative for patients who dislike injections.that a second drug candidate from its purchase of Carmot Therapeutics indicated positive results, further heating up competition in the weight loss drug market.

The results come as competition mounts in the fast-growing weight loss drug sector, with Roche's oral pill likely to provide an appealing alternative for patients who dislike injections.

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