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China approves Pfizer GLP-1 drug for weight management
China has approved Pfizer’s GLP-1 treatment, Xianweiying, for long-term weight management in adults who are overweight or obese. This move intensifies competition in China’s rapidly growing weight management market, which analysts predict will be worth billions. Pfizer licensed the commercialization rights for Xianweiying from Sciwind Biosciences, and the drug is already approved in China for Type II diabetes treatment.