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Zealand Pharma downgraded to Neutral from Overweight at Cantor Fitzgerald

Cantor Fitzgerald downgraded Zealand Pharma (ZLDPF) to Neutral from Overweight. Zealand Pharma announced Phase 2b obesity data for petrelintide that showed weight loss of 9% placebo-adjusted at 42 weeks looks similar to cagrilintide and meaningfully below Lilly’s (LLY) eloralintide, the analyst tells investors in a research note.

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