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China approves Pfizer GLP-1 drug for weight loss
China has approved Pfizer’s GLP-1 treatment Xianweiying for long-term weight management in overweight or obese adults, boosting competition in a market expected to be worth billions. Pfizer licensed the China commercialization rights for ecnoglutide from Sciwind Biosciences, which called the approval a breakthrough. This move solidifies Pfizer’s position in the expanding weight-loss drug market, which already features significant sales from competitors like Novo Nordisk and Innovent Biologics.