Roche’s New Obesity Play Shows Early Promise

 
• By Elizabeth Cairns
  
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CT-388 hits in Phase I, but there is a long way to go before the Carmot acquisition pays off.    

Roche

When was the last time Roche Holding AG’s share price jumped on Phase I data? Such are the expectations for obesity drugs that the impressive weight loss seen in subjects taking CT-388, which Roche obtained in December via its $2.7bn acquisition of Carmot Therapeutics Inc., caused Roche’s stock to jump 4% to CHF235.60 on the Six Swiss exchange. 

Key Takeaways

  • CT-388, an obesity therapy Roche obtained by buying Carmot Therapeutics, has posted positive data in an early trial

Today’s data come from one of the two main cohorts in a 96-patient Phase Ib trial – those with overweight...

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