Verdiva launches with $410M for weight loss drugs to challenge Ozempic, Wegovy
Briefly

Verdiva's CEO Khurem Farooq emphasized, "People living with obesity and its complications deserve better options at each stage of their treatment journey..." making a case for improved treatment alternatives.
The company's approach to developing an oral-based GLP-1 drug, which curbs hunger, highlights its aim to provide less invasive and more accessible options for weight management.
The rise in global spending on anti-obesity medications is set to exceed $30bn for the first time in 2024, reflecting a significant shift in the pharmaceutical landscape.
Farooq noted that existing weight loss drugs leave "significant medical needs" unmet, demonstrating the urgent need for innovative solutions in obesity treatment.
Read at TNW | Ecosystems
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