Daily Newsletter

08 August 2023

Daily Newsletter

08 August 2023

Signal: Top tweets of the week dissect impact of obesity drugs

Ahead of Eli Lilly's Q2 results, which will likely touch on the company's plans for obesity drugs, we take a look at the ongoing discourse on this drug class.

Manasi Vaidya August 08 2023

As Eli Lilly gears up for releasing its Q2 earnings today, a key revenue and growth opportunity for the company—obesity drugs, continue to be in the news. In the last few weeks, regulatory agencies in the European Union and the UK have announced investigations into the link between GLP1 receptor agonists to suicidal ideation.

https://twitter.com/Laurie_Garrett/status/1685054729833861120

Eli Lilly’s blockbuster, Mounjaro (tirzepatide) is approved as an adjunct to diet and exercise to help patients with type 2 diabetes improve their glycemic control. However, it is currently used off label as an obesity medication, and has a Fast Track designation for official on-label use for that purpose. Moreover, Lilly's investigational drug retatrutide, which targets GLP-1R, the gastric inhibitory polypeptide receptor (GIPR), and glucagon receptor (GCGR), has also generated significant investor interest for its potential as a weight-loss drug.

In the coming months, sales revenues for these drugs are expected to grow significantly. However, access comes with its own challenges due to drug shortages, and the need to navigate complex reimbursement dynamics.

https://twitter.com/NeilFlochMD/status/1682192628517830657

Additionally, as research on drugs like semaglutide accumulate, others are also debating the additional effects that are often widely shared on social platforms.

https://twitter.com/CaloriesProper/status/1684723645254352896

Our signals coverage is powered by GlobalData’s Disruptor data, which tracks all major deals, patents, company filings, hiring patterns and social media buzz across our sectors. These signals help us to uncover key innovation areas in the sector and the themes that drive them. They tell us about the topics on the minds of business leaders and investors, and indicate where leading companies are focusing their investment, deal-making and R&D efforts.  

Healthcare companies are hesitant to invest in the metaverse

The COVID-19 pandemic pushed the healthcare industry to rapid digitalization. Increased use of telehealth, telepresence systems, remote diagnostics, predictive AI, and wearable technology is changing how healthcare is delivered and improving patient outcomes. Emerging technologies such as AR and VR are becoming increasingly routine for professional training, surgical assistance, and treatment of psychological and neurological disorders. In the pharma and medical devices industries, AR, VR, and AI are rapidly accelerating drug discovery and manufacturing and generating supply chain efficiencies. New digital opportunities will look to build upon disruptive technologies. However, affordability is a limiting factor to widespread adoption. Per GlobalData estimates, the metaverse market is expected to grow at a CAGR of more than 33% between 2023 and 2030. Although metaverse technologies could reinvent healthcare approaches and bring new experiences to healthcare providers and patients, adoption is still at an early stage. There are currently few use cases in the healthcare industry. The metaverse needs to overcome major challenges for healthcare, including regulation and data privacy concerns. Evidence of proven use cases and participation by a critical mass of users are imperative to drive a shift in metaverse investment.

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