Ascletis' Anti-Obesity Drug Found Safe in Australia Phase 1B Trial; Shares Rise 6%

MT Newswires Live

2025/03/12

Ascletis Pharma (HKG:1672) showed positive topline results in its phase 1B trial for its ASC47 anti-obesity drug in Australia, according to a Wednesday filing with the Hong Kong bourse.

The trial found ASC47 safe and well-tolerated in patients with low-density lipoprotein cholesterol and obesity, the filing said.

Meanwhile, the US Food and Drug Administration also cleared ASC47's combination with semaglutide for obesity, the filing said.

Shares rose 6% during Wednesday's late morning trading.

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