Obesity Data From Structure Therapeutics Shows Potential For Weight Loss Drug Candidate
Portfolio Pulse from Vandana Singh
Structure Therapeutics Inc. (NASDAQ:GPCR) announced positive 12-week topline obesity data from its Phase 2a study of GSBR-1290, showing significant weight loss and favorable safety results. The company plans to submit an IND to the FDA in Q3 2024 and initiate a Phase 2b study in Q4 2024.
June 03, 2024 | 3:11 pm
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Structure Therapeutics Inc. (NASDAQ:GPCR) reported positive Phase 2a results for its obesity drug candidate GSBR-1290, showing significant weight loss and favorable safety results. The company plans to submit an IND to the FDA in Q3 2024 and initiate a Phase 2b study in Q4 2024. GPCR shares rose 15.2% following the announcement.
The positive Phase 2a results for GSBR-1290, showing significant weight loss and favorable safety, are likely to boost investor confidence in Structure Therapeutics. The planned IND submission and Phase 2b study initiation further support the potential for future growth. The immediate 15.2% increase in GPCR shares reflects strong market reaction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100