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Jun 24, 2024, 7:09pm EDT
businessNorth America

Pfizer is testing new non-GLP-1 mechanism for weight-loss drug, CEO reveals

Albert Bourla
Semafor
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Pfizer is currently testing three new weight-loss drugs, the CEO Albert Bourla told Semafor.

Two of the drugs would use the same GLP-1 technology as rival Novo Nordisk’s brand Ozempic, while a third uses a different mechanism that is under wraps, Bourla said at a Semafor business event on Monday. He did not elaborate on how this third drug might work; the new mechanism has not been previously disclosed publicly.

The company, which developed some of the leading COVID-19 vaccines, whiffed on its first attempt to get in on the weight-loss drug boom, but Bourla said Pfizer plans to release data later this year showing its the progress it has made on at least one, Danuglipron.

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Bourla predicted that as more companies wade into the market, the high price of drugs like Ozempic will drop.

The remarks offered a very different outlook to that of COVID vaccines. Bourla said he anticipates that even as the population’s immunity to COVID-19 wanes over time, people will remain reluctant to get boosters.

“The utilization of vaccines is way smaller than what I was expecting it to be,” he said. “I don’t think that this will change dramatically over the next few years.”

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