This Top Dividend Stock Just Entered The Weight Loss Market: Is It a Buy?
It's not too often that pharmaceutical drugs become household names, but that's happening with medicines in the weight loss market. Brands such as Wegovy and Zepbound -- the leading anti-obesity therapies -- are now well known and are generating billions of dollars in annual sales. That's why other drugmakers want to dip their toes in this lucrative and high-growth market.AbbVie (NYSE: ABBV) is one of them. The company, best known for its work in immunology, recently made a move to enter the weight loss space. Does that make AbbVie stock a buy today?Developing therapies from scratch is risky and time-consuming. That's why pharmaceutical giants often partner with small companies that already have candidates in early-stage studies -- it helps speed up the process from their perspective. AbbVie is doing just that to join the weight loss market. The company entered into an agreement with Gubra A/S, a Danish drugmaker, to develop GUB014295, a potential weight loss therapy.Continue reading
It's not too often that pharmaceutical drugs become household names, but that's happening with medicines in the weight loss market. Brands such as Wegovy and Zepbound -- the leading anti-obesity therapies -- are now well known and are generating billions of dollars in annual sales. That's why other drugmakers want to dip their toes in this lucrative and high-growth market.
AbbVie (NYSE: ABBV) is one of them. The company, best known for its work in immunology, recently made a move to enter the weight loss space. Does that make AbbVie stock a buy today?
Developing therapies from scratch is risky and time-consuming. That's why pharmaceutical giants often partner with small companies that already have candidates in early-stage studies -- it helps speed up the process from their perspective. AbbVie is doing just that to join the weight loss market. The company entered into an agreement with Gubra A/S, a Danish drugmaker, to develop GUB014295, a potential weight loss therapy.
