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Pfizer plans to move a reworked, once-a-day version of its weight-loss pill danuglipron into clinical trials later this year, the company said on Thursday, after scrapping a twice- daily version of the drug late last year. The new drug is part of the second generation of weight-loss pills under development by companies including Eli Lilly and Novo Nordisk that will offer patients a more convenient alternative to injections. (Erman and Mishra, 7/11)

Medical equipment group Gerresheimer posted second-quarter adjusted core profit in line with expectations on Thursday, driven by the deal pipeline for its plastics and devices business, which supplies weight-loss drug makers with autoinjector pens. The company confirmed guidance for the mid-term that its deals with weight-loss drug manufacturers, such as Novo Nordisk, are expected to bring at least 350 million euros ($379.44 million) of annual revenue over the next three years, despite lower demand in its primary packaging glass division. (Demetz, 7/11)