Oliver Burrow's questions to Zealand Pharma A/S/ADR (ZLDPF) leadership • Q1 2025
Question
Oliver Burrow from Goldman Sachs asked for perspective on the amylin competitive landscape, including assets from AbbVie and Lilly, and requested details on the R&D cost-sharing structure of the Roche partnership.
Answer
CEO Adam Steensberg described the Roche agreement as a 50-50 R&D cost-share, with Zealand being well-capitalized to fund its obligations. On competition, he positioned petrelintide as a potential best-in-class asset with a strong timeline, viewing Novo Nordisk as the main competitor. He characterized Lilly's asset as lacking clinical data and the AbbVie/Gubra program as being years behind with inconsistent data.