Market CompetitionLate-entrants into the obesity space could struggle because of various natural 'moats' that protect incumbents NOVO and LLY.
Product Development ChallengesGI-related adverse events were dose dependent, with the highest dose having an 83% nausea and 17% vomiting rate, indicating potential challenges in treatment tolerability.
Valuation ConcernsAbbVie trades on a P/E of 15.6x, above the US sector median, indicating a full valuation.