Drugs can wear costumes, too. This year, the darling of the pharmaceutical sector, the glucagon-like peptide 1 (GLP-1) agonist drug class, dressed up as a boogeyman, and set its sights on the medtech sector.
The terror it wrought on medtech investors, driven by early-stage research indicating that GLP-1s could cure diabetes and mitigate the need for weight-loss interventions, drove a sharp sell-off of medical...
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