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Glaxo Doubts GLP-1s Would Be Cleared as Drugs for Obesity

GlaxoSmithKline Plc (GSK) said GLP-1 diabetes drugs, including its albiglutide experimental compound and Novo Nordisk A/S (NOVOB)’s Victoza, are unlikely to win clearance to treat obesity because of effectiveness questions.

“Frankly as a class, I don’t think GLP-1s would make it as obesity medicines,” Moncef Slaoui, Glaxo’s chairman of research and development, said in an interview today in London. “Even with Victoza, personally, I would not” consider it for obesity.

Glaxo, which is based in London, plans early next year to seek regulatory approval for albiglutide, a form of a hormone called GLP-1 that stimulates the pancreas to produce more insulin, as a once-weekly diabetes treatment. Bagsvaerd, Denmark-based Novo is studying Victoza, already on the market to treat Type 2 diabetes, as a potential weight-loss medicine.

Novo said in June that patients taking Victoza lost 3.9 kilograms (8.6 pounds) on average, compared with 2.9 kilograms for those taking a competing drug.

The limited weight loss, the difficulty of sustaining results and potential side effects “would be a challenge for that medicine to be approved for obesity use,” Slaoui said.

Novo Nordisk is the world’s biggest insulin maker. Victoza, a once-daily GLP-1 drug, generated sales of 5.99 billion kroner ($1.1 billion) last year.

To contact the reporter on this story: Makiko Kitamura in London at mkitamura1@bloomberg.net

To contact the editor responsible for this story: Kristen Hallam at khallam@bloomberg.net

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Today’s national average mortgage rates. Rates may include points.
Type Today 1 Mo
30 Year Fixed Jumbo 3.99% 3.95%
30 Year Fixed 3.65% 3.51%
15 Year Fixed 2.80% 2.74%
10 Year Fixed 2.89% 2.97%
30 Year Fixed Refi 3.64% 3.50%
15 Year Fixed Refi 2.79% 2.71%
5/1 ARM 2.59% 2.61%
5/1 ARM Refi 2.60% 2.56%
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Today’s average home equity rates nationwide.
Type Today 1 Mo
$30K HELOC 5.35% 5.24%
$50K HELOC 4.56% 4.60%
$75K HELOC 4.57% 4.54%
$100K HELOC 4.27% 4.27%
$30K Home Equity Loan 5.95% 6.06%
$50K Home Equity Loan 5.97% 6.02%
$75K Home Equity Loan 5.94% 5.98%
$100K Home Equity Loan 5.80% 5.84%
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Today’s average savings rates nationwide.
Type Today 1 Mo
5 Year CD 1.23% 1.21%
2 Year CD 0.72% 0.66%
1 Year CD 0.59% 0.52%
MMA $10K+ 0.47% 0.50%
MMA $50K+ 0.69% 0.71%
MMA Savings Jumbo 0.58% 0.60%
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Today’s average auto loan rates nationwide.
Type Today 1 Mo
60 Months Used Car 2.97% 2.94%
48 Months Used Car 2.92% 3.12%
36 Months Used Car 2.88% 2.96%
72 Months New Car 2.45% 2.98%
60 Months New Car 2.53% 2.68%
48 Months New Car 2.44% 2.60%
60 Months Auto Refi 4.15% 4.37%
36 Months Auto Refi 3.60% 3.77%
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Today’s average credit card rates nationwide.
Type Today 1 Mo
Standard Variable 14.12% 14.12%
Standard Fixed 13.23% 13.23%
Gold Variable 12.70% 12.70%
Gold Fixed 11.99% 11.99%
Platinum Variable 15.53% 15.46%
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