A potential rival for Wegovy and Zepbound enters the fray

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Good morning! Before we get to biotech, check out STAT’s deep dive into how UnitedHealth mobilizes a massive network of physicians and milked the health care system for profit.

The need-to-know this morning

• So many earnings reports: AstraZeneca, Roche, Argenx, AbbVie, and Sanofi.

Viking accelerates development of obesity drug that could rival Wegovy, Zepbound

Viking Therapeutics plans to move its injectable obesity treatment into a Phase 3 study faster than expected, bringing the biotech closer to joining the highly competitive GLP-1 drug market.

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