A share price rally pushed ASML’s market cap to $668 billion on Wednesday, beating a European record set by Novo Nordisk in June 2024.
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The highest dose of a single injection reduced cholesterol levels by 62% in patients, according to Eli Lilly’s recently published study.
Isomorphic previously raised $600 million in external funding last year, which was also led by NYC’s Thrive Capital.
The pill era has ushered in a Wild-West-style land-grab for GLP-1 market share but the horizon seems to keep expanding.
The move comes as OpenAI watches rival Anthropic make big enterprise splashes with its Claude Code and Mythos AI tools.
Approximately one in eight Americans are taking medications like Ozempic or Wegovy for weight loss, diabetes, heart disease and more.
The two struck a deal Monday for Hims to offer official versions of Novo Nordisk’s GLP-1 drugs Ozempic and Wegovy.
Just 20% of firms with 200 or more workers said they covered GLP-1 drugs for weight loss, according to the Peterson-KFF Health System Tracker.
Novo’s Copenhagen-listed shares rose 5.2% on Monday. New York-listed shares in Hims & Hers, meanwhile, shed an Ozempic-like 16% in volume.
The proliferation of cheaper generic drugs and more competition has already begun to bring down prices on weight-loss treatments.
The company also said earlier this week it will drop $6 billion on a new manufacturing facility in Huntsville, Alabama.
The trial proved so successful that Bayer plans to reach out to regulators in preparation for submitting the drug candidate for approval.
Metsera on Tuesday called Novo Nordisk’s new $10 billion offer “superior” to rival Pfizer’s bid of $8 billion.
Record performance of its GLP-1 drugs sent shares in Eli Lilly soaring almost 4% after its earnings call on Thursday.
The acquisition comes as new CEO Mike Doustdar tries to revive once meteoric growth that has come crashing down to earth this year.
Both companies have been desperate to innovate beyond their current injectable GLP-1 weight-loss drugs for a while now.