Health-care companies were more or less flat as traders picked winners and losers in the race to sell obesity drugs.
Recent data from an Amgen obesity-drug trial only reinforced investors' impressions that Eli Lilly and Novo Nordisk have a prohibitive head start, thanks, in particular, to a new generation of Lilly and Nordisk weight-control drugs in advanced stages of development, The Wall Street Journal reported.
Amgen shares continued their recent retreat, while Eli Lilly and Novo Nordisk gained.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-02-24 1736ET