This tells me that research on the drug is old and that increases security on its use.
An injection to cure obesity is a small price to ask, as any person that has been obese will tell you. They could have determined this from a simple survey.
What was the human cost of their decision? Maybe an entire delayed decade of progress? How many people died, that could have been saved?
I would love to meet some of these executives and understand what they were thinking, and if they understand/regret the impact of their foolishness.
Insulin is injectable so GLP-1 was thought to be at best marginal improvement over already existing protocol - so likely profitable product but not excessively so. Company has limited resources so decisions on cuts have to be made and some of those decisions are naturally wrong - drugs are unpredictable.
On regret - they missed on 30B+ of profits so of cause they regret it.
philipkglass•2h ago
https://web.archive.org/web/20240909093450/https://www.statn...
The key reason Pfizer passed was that executives didn't think patients would accept a new therapy that required injection to administer:
Despite our emerging results, the Pfizer executives in charge of research and external alliances told us the company did not want to develop a new diabetes therapy that required injection, a space held exclusively by insulin since 1922. They gave us a year to find a way to deliver GLP-1 via transnasal, transcutaneous, or oral administration. Effective delivery by any of these approaches would have been great, but we knew success was unlikely in the year they gave us. Our effort was predictably unsuccessful, and after four years, Pfizer terminated our agreement as permitted under the alliance contract.
The first commercial GLP-1 receptor agonist, Exenatide, went to market as an injectable medication in 2005 [1]. Orally delivered GLP-1 medications didn't come to market until 2019 when orally dosed semaglutide was approved as Rybelsus [2].
Now that injected GLP-1 drugs are among the most-prescribed drugs in America, I wonder if drug company executives are going to be more receptive to drug candidates that require injections. There are a lot of molecules (especially peptides) that are degraded by the digestive system; maybe people will be more willing to inject medications when so many have started self-injecting for GLP-1 drugs or know someone who has.
[1] https://en.wikipedia.org/wiki/Exenatide
[2] https://en.wikipedia.org/wiki/Semaglutide#Legal_status
Scaevolus•2h ago
stavros•1h ago
DANmode•32m ago
stavros•31m ago
firesteelrain•1h ago
Source: I took compounded Mounjaro and compounded Ozempic/semaglutide.
OptionOfT•28m ago
cm2187•1h ago
amelius•1h ago
thaumasiotes•1h ago
Heroin addicts and presumably anyone else who frequently injects into a vein can cause damage to the veins.
nkrisc•46m ago
nextos•1h ago
In large organizations, I guess a big chunk of success comes from being able to navigate all these political ups and downs.
RobotToaster•1h ago
DANmode•33m ago
https://www.sciencenews.org/article/vaccine-beer-polyomaviru...
petesergeant•14m ago