After AstraZeneca (AZN) presented data at the ObesityWeek conference, Deutsche Bank said the company’s oral small molecule GLP1 drug – AZD5004 – looks like it trails Eli Lilly’s (LLY) oral small molecule orforglipron’s profile and will be three years later to market. Looking at the body of data for weight loss, safety/tolerability and half-life, the firm reiterates its view that “5004’s differentiation (if any) looks too little and too late vs Orforg,” adds the analyst, who keeps a Buy rating and $1,015 price target on Eli Lilly shares.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LLY:
- AstraZeneca says experimental obesity pill ‘competitive,’ Bloomberg reports
- Eli Lilly price target lowered to $1,015 from $1,025 at Deutsche Bank
- 3 Best Stocks to Buy Now, 11/4/2024, According to Top Analysts
- Viking Therapeutics surges after presenting ‘promising’ obesity drug data
- Eli Lilly earnings selloff brings buying opportunity, says JPMorgan