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Pfizer scraps planned weight loss pill

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Pfizer is stopping development of a new daily weight loss pill.

A patient in the drug trial reportedly experienced a liver injury.

"While we are disappointed to discontinue the development of danuglipron, we remain committed to evaluating and advancing promising programs in an effort to bring innovative new medicines to patients," said Dr. Chris Boshoff, Pfizer's chief scientific officer.

Read more from CNBC.

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