2024-03-08 19:32:45 ET
Summary
- Wave Life Sciences is entering the obesity market, selecting INHBE as a clinical candidate.
- The company faces intense competition from other RNA-based therapeutics companies, such as Alnylam, that have successfully brought treatments to market.
- Investment recommendation: Hold, due to intense competition, financial sustainability concerns, and current market sentiment.
Wave Life Sciences Sails Into Obesity: A New Horizon or a Mirage?
Wave Life Sciences ( WVE ), an RNA-focused, clinical-stage biotechnology company, is trending after reporting on Wednesday that it is entering the obesity field. Per their report:
INHBE lead clinical candidate selected; potential best-in-class treatment for obesity with potent and durable silencing, weight loss with no loss of muscle mass, reduction of visceral fat, and every-six-month or annual subcutaneous dosing; clinical trial initiation expected 1Q 2025.
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For further details see:
Wave Life Sciences' Weighty Ambition: Carving Out Obesity Niche