Amgen's new obesity drug, MariTide, shows promising weight loss results but fails to meet market expectations.

Amgen's experimental obesity drug, MariTide, showed promising results in a Phase 2 trial, with patients losing up to 20% of their weight after a year. The drug, given monthly by injection, also showed no weight loss plateau and improvements in cardiometabolic health. Despite these positive outcomes, Amgen's stock fell as the results did not meet Wall Street's high expectations. MariTide is expected to compete with weekly injections from other companies and could be a significant player in the $150 billion obesity treatment market. Common side effects included gastrointestinal issues like vomiting and nausea.

November 26, 2024
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