Pfizer challenges Novo and Lilly: GLP-1 drug available for pre-order in China
Pfizer is strengthening its position in the rapidly growing weight-loss sector
Pfizer’s GLP-1 weight management treatment Xianweiying, is reportedly available for pre-order in China in the wake of intensifying competition with rivals in a market analysis expected to be worth billions of dollars.
According to a listing on JD.com, a 1.2 ml Xianweiying injector pen shipping on April 27 costs 489 yuan ($72). Pfizer is strengthening its position in the rapidly growing weight-loss sector by licensing Xianweiying ecnoglutide from the Hangzhou-based biotech firm Sciwind.
Beyond licensing, Pfizer has expanded its obesity pipeline by acquiring drug developer Metsera and another experimental GLP-1 drug as reported by Reuters.
The drug belongs to the popular GLP-1 receptor agonist class, competing with established global giants like Novo Nordisk (Wegovy) and Eli Lilly, as well as local players like Innovent Biologics.
According to Jefferies, local competitor Innovent’s Xinermei led 2025 e-commerce sales on platforms like Tmall and JD.com with 416 million yuan ($61 million), outperforming Novo Nordisk’s Wegovey, which saw 260 million yuan ($38 million) in sales.
Pfizer acquired the mainland China commercialization rights for Xianweiying (ecnoglutide) from Hangzhou-based Sciwind; the company has also recently acquired obesity drug developer Metsera, along with another experimental GLP-1 drug.
-
Tesla drops as spending cuts raise questions about AI and robotics plans
-
Barclays to cut 5,000 jobs as AI reshapes banking
-
China's brain-computer interface market could reach $920m by 2028
-
Bombardier shares rise as Trump drops threat to block aircraft sales in US
-
OpenAI seek to raise $30 billion at $1.4 trillion valuation ahead of Anthropic IPO
-
Supreme Court rejects Google challenge to patent office review policy: Here's why
-
Netflix faces scrutiny over user engagement ahead of Q3 report
-
Meta and Tesla are set to report earnings next week: What to know
