Pfizer GLP-1 weight loss drug available for pre-order in China

Pfizer GLP-1 weight loss drug available for pre-order in China

By Andrew Silver

Reuters

SHANGHAI, April 22 (Reuters) - Pfizer’s GLP-1 weight management treatment Xianweiying is available for ‌pre-order in China, a Reuters check on ‌a local e-commerce platform showed, ramping up competition with rivals in ​a market analysts expect to be worth billions of dollars.

A spokesperson for Pfizer did not immediately respond to a request for comment.

A 1.2 ml Xianweiying ‌injector pen with shipping ⁠beginning on April 27 costs 489 yuan ($72), according to one listing on a platform ⁠from JD.com reviewed by Reuters.

Advertisement

The treatment, belonging to the class of GLP-1 receptor agonist drugs sold locally ​by drugmakers ​such as Novo Nordisk, Eli ​Lilly, and Innovent Biologics, ‌props up Pfizer's footing in the booming weight-loss drug market.

Sales of Novo's Wegovy on Alibaba’s Tmall e-commerce platform and JD.com were 260 million yuan ($38 million) in 2025, against 416 million yuan ($61 million) for Innovent's ‌Xinermei, investment bank Jefferies said ​in a note.

Pfizer licensed the mainland China commercialisation rights for ​Xianweiying, also known ​as ecnoglutide, from Sciwind, based in the ‌eastern city of Hangzhou, in ​February. It ​has also recently acquired the obesity drug developer Metsera, as well as another experimental GLP-1 ​drug from another ‌developer.

Ecnoglutide is also approved in China as ​a treatment for Type 2 diabetes.

(Reporting by Andrew Silver; ​Editing by Kim Coghill)

 

MON SEVEN © 2015 | Distributed By My Blogger Themes | Designed By Templateism.com