Shares of biotech startup Structure Therapeutics surge more than 30% on promising obesity pill data

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Shares of biotech startup Structure Therapeutics surge more than 30% on promising obesity pill data
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Structure’s pill is part of the same class of drugs as Novo Nordisk’s blockbuster diabetes drug Ozempic and weight loss counterpart Wegovy.

The once-daily drug helped overweight or obese participants reduce up to 10 pounds of weight on average after four weeks of treatment, according to a

from the company. Structure said it plans to test its pill in two longer mid-stage trials as a treatment for diabetes and obesity.'s blockbuster diabetes drug Ozempic and weight loss counterpart Wegovy.Those treatments, known as GLP-1s, have soared in popularity this year due to their ability to help patients lose unwanted pounds. GLP-1s mimic a hormone produced in the gut to suppress a person's appetite.

Companies like Structure are trying to capitalize on the booming obesity drug industry, which analysts say could be a

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