By Colin Kellaher


Pfizer shares moved lower in premarket trading Monday after the drugmaker said it is scrapping its experimental weight-loss pill danuglipron, keeping the company on the sidelines of the booming obesity market.

Shares of the New York company, which closed Friday at $21.91, were recently down 1.9% at $21.50 in premarket trading.

Pfizer said the move follows a review of the program's clinical data, including the case of a single participant in a dose-optimization study who experienced a potential drug-induced liver injury that resolved after discontinuing danuglipron.

Pfizer previously ended a study of a twice-daily version of danuglipron after disappointing trial results in which there were too many side effects.


Write to Colin Kellaher at colin.kellaher@wsj.com


(END) Dow Jones Newswires

04-14-25 0709ET