Diabetes drug company shares climb

According to a recent report, shares in diabetes drug company Amylin Pharmaceuticals Inc soared this week following strong and positive support for their new diabetes drug .
The drug, which was supported by expert analysts in the US as likely to be one of the most effective on the market, has been in development for some time. A PiperJaffray analyst, Thomas Wei, was reported in the news as commenting that new Amylin drug Exenatide (LAR) will become the most effective on the market, superseding other diabetic drugs.
In response to the blessing, shares in Amylin climbed considerably, as many experts throughout America gave the thumbs up on the new drug. However, the diabetes medication will have strong competition in the form of Novo Nordisk alternative liraglutide.
The drug market for diabetics is an extremely competitive global industry.