China's GLP-1 Weight-Loss Market Faces Rising Price Competition -- Market Talk

Dow Jones

2025/12/16

1000 GMT - Pricing competition in China's GLP-1 weight-loss drug market is expected to heat up, HSBC analysts say in a note. The inclusion of Eli Lilly's tirzepatide treatment in China's national reimbursement drug list was a surprise to the market and raises concerns about the sales outlook of Innovent's mazdutide drug, they say. A price cut for GLP-1 drugs will quickly raise market penetration as the treatments only received approval in China in 2025. However, given there are multiple domestic GLP-1 treatments in the pipeline, a more aggressive pricing strategy may hurt sales for all drugmakers, they add. HSBC awaits more updates from China's oral GLP-1 developers, including Ascletis and Hengrui. The bank maintains a buy call on Innovent and hold ratings on Livzon and Fosun Pharma. (jason.chau@wsj.com)

(END) Dow Jones Newswires

December 16, 2025 05:00 ET (10:00 GMT)

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The inclusion of Eli Lilly's tirzepatide treatment in China's national reimbursement drug list was a surprise to the market and raises concerns about the sales outlook of Innovent's mazdutide drug, they say. A price cut for GLP-1 drugs will quickly raise market penetration as the treatments only received approval in China in 2025. However, given there are multiple domestic GLP-1 treatments in the pipeline, a more aggressive pricing strategy may hurt sales for all drugmakers, they add. HSBC awaits more updates from China's oral GLP-1 developers, including Ascletis and Hengrui. The bank maintains a buy call on Innovent and hold ratings on Livzon and Fosun Pharma. 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The inclusion of Eli Lilly's tirzepatide treatment in China's national reimbursement drug list was a surprise to the market and raises concerns about the sales outlook of Innovent's mazdutide drug, they say. A price cut for GLP-1 drugs will quickly raise market penetration as the treatments only received approval in China in 2025. However, given there are multiple domestic GLP-1 treatments in the pipeline, a more aggressive pricing strategy may hurt sales for all drugmakers, they add. HSBC awaits more updates from China's oral GLP-1 developers, including Ascletis and Hengrui. The bank maintains a buy call on Innovent and hold ratings on Livzon and Fosun Pharma. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 16, 2025 05:00 ET (10:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GLP","symbol_name":"Global Partners Lp","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2591898820","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2591898820","pubTimestamp":1765879200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1000 GMT - Pricing competition in China's GLP-1 weight-loss drug market is expected to heat up, HSBC analysts say in a note. The inclusion of Eli Lilly's tirzepatide treatment in China's national reimbursement drug list was a surprise to the market and raises concerns about the sales outlook of Innovent's mazdutide drug, they say. A price cut for GLP-1 drugs will quickly raise market penetration as the treatments only received approval in China in 2025. However, given there are multiple domestic GLP-1 treatments in the pipeline, a more aggressive pricing strategy may hurt sales for all drugmakers, they add. HSBC awaits more updates from China's oral GLP-1 developers, including Ascletis and Hengrui. The bank maintains a buy call on Innovent and hold ratings on Livzon and Fosun Pharma. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GLP":"Global Partners Lp","BK4585":"ETF&股票定投概念","HSBC":"汇丰","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4521":"英国银行股","BK4144":"石油与天然气的储存和运输","BK4207":"综合性银行","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4588":"碎股","BK4590":"PTP"},"translate_title":"中国GLP-1减肥市场面临价格竞争加剧--市场谈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GLP":1.5,"HSBC":0.7},"content_text":"1000 GMT - Pricing competition in China's GLP-1 weight-loss drug market is expected to heat up, HSBC analysts say in a note. The inclusion of Eli Lilly's tirzepatide treatment in China's national reimbursement drug list was a surprise to the market and raises concerns about the sales outlook of Innovent's mazdutide drug, they say. A price cut for GLP-1 drugs will quickly raise market penetration as the treatments only received approval in China in 2025. However, given there are multiple domestic GLP-1 treatments in the pipeline, a more aggressive pricing strategy may hurt sales for all drugmakers, they add. HSBC awaits more updates from China's oral GLP-1 developers, including Ascletis and Hengrui. The bank maintains a buy call on Innovent and hold ratings on Livzon and Fosun Pharma. 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