WTO / Business / Statements / 42 Free Company/Business Profile Templates (Word – PDF – AI)

42 Free Company/Business Profile Templates (Word – PDF – AI)

Company Profiles are documents that entail a detailed description of the entirety of a business by summarising the goals, missions, and objectives clearly to appeal to the audience.

They vary in length depending on the list of the projects and the purpose of the document. Furthermore, company profiles are also used to inform businesses’ general public, websites, and social media platforms. The essence of creating a company profile is to emphasise the growth and strength of the business.

A solid company profile can improve public perception and be used to appeal to prospective employees and clients. With the stiff competition in different industries and niches, people (employees, investors, and clients)  are looking for companies that match their ideals; therefore, company profiles reveal your objectives and appeal to like-minded individuals.

As a business owner getting the right company profile to promote your business can be somewhat difficult, especially if you are just starting. Different intricate elements are embedded in creating a stand-out company profile that will speak about your essence and resonate with the target audience.

Many business owners find it hard trying to capture the entirety of their ideals in clearly laid out sentences that anyone will understand. Without a solid company profile, it will be a huge task for people to understand what you do and what you stand for as a business.

Therefore, this article will explore company profile templates and how you can resonate more with your audience. But, more importantly, this article will provide relevant insight for a business owner to easily create any professional company profile that emphasises the growth and strength of a company.

Company Profile Templates

This template is an already-made profile that can be customised to match the needs of your business. There are different types of company profile templates that business owners can fill in their information where it is requested.

Free Professional Company Business Profile Template 01 as Image Word Format

How to Write a Company Profile

Company profiles are essential documents that can determine your company image; therefore, every single detail has to be perfect. Make sure that you add the relevant information to draw the attention of your target audience.

Follow the following results to get the desired result:

Identify profile’s purpose

As a business owner, you need to know why you are creating a company profile. Are you looking to solicit funding? Do you want to introduce a new product? Your company profile will need to match the objectives you are looking to achieve.

If you are looking to introduce a new product to the market. It will be best to show the product’s value and solve the issues that others cannot solve. This purpose will allow you to add the relevant information about your company values, the advantages of using the new product, and the track record of results.

Select a style and format

A key component in company profiles is the structure, the way you organise the ideas is important in appealing to the target audience. Many companies use subheadings to segment the ideas, and this formatting method is also suitable to keep the reader engaged. Depending on the company, you can also decide to use slideshows so that the target audience can have a feel of your works. This kind of style will be good for IT and digital marketing companies.

If you are a digital marketing company looking to run ads for a famous company, it would be best to present a slideshow of your past projects and how they impacted the company that gave you the contract.

You might be pleasantly surprised that some investors might recognize the ads you show based on their popularity. This is because companies leverage their achievements, financial records, and other information to get the nod from investors and clients.

Give company details

It is important to add the necessary company details to allow people to resonate appropriately with your company. In addition, these details are necessary for the target audience to attribute the products and services to a brand.

Necessary company details include:

Company name

The company name should be the first thing anyone should see on company profiles; your audience must link the achievements, pictures, and other elements contained in the document to a name. It would help if you made the company name bold so it could stick with the audience.

It is also important that the established date of the company be included in the company profile. People often attribute the level of expertise to the number of years you have been in a particular industry. However, startups can include the years of experience of their team members since the company will be relatively new.

Contact information

If you have more than one location, it would be necessary to include them in the company profile. Plus, you need to give a proper and detailed address for people who would like to visit the physical location.

Phone and fax numbers are also important in company profiles; you should ensure that prospective investors, clients, and stakeholders can easily contact you.

A fully functional website URL needs to be provided so that people will explore more about your business on company profiles. Not many people will be entirely sold from seeing these profiles alone; therefore, the provision of the website URL can further reassure them of the quality spoken about in the document

A large percentage of people check their emails before looking at any other app or even getting out of bed. Therefore, adding your email address to the company profile is a plus. Besides adding the email address, you need to respond to the emails as they come in promptly.

Include the company basics

The following items should be included in the company basics:

List of products and services

The list of products and services that your company offers should be included in the company profile. If you introduce a new product, it would be great to show the products you have previously introduced to the market.

Company’s background history

No one will be interested in a company that is not growing; therefore, company profiles should comprise the company’s history, expansion, and growth. This will indicate to the target audience that the company is headed in the right direction. Investors will not invest in a company that has not seen any growth over the past years.

Public relations

They are a key aspect of company profiles. How have you been able to manage your image? Have you been able to navigate through any crisis in the past? As much as it is great not to have any crisis, issues might arise, and how you handle them tells a lot about your company. Therefore, people want to be able to see that you can persevere no matter the situation.

Advertising

How have you been able to use advertising for your company? For digital companies, this part is essential in showing investors and clients that they can handle projects of different magnitude.

Industry information

Company profiles should carry relevant information about their industry.

An e-commerce brand should give information that people need to know when they are shopping. This will help people to resonate more with your brand.

Safety, health and environmental policies

Who would have thought COVID would have hit the world this much? As a result of the pandemic, there has been strict adherence to health and safety standards. Therefore, with the evolution of the world, company profiles should contain safety, health, and environmental policies that will ensure the effective work/life balance of employees and everyone associated with the business.

Core team details

Company profiles need to carry the core team details and how you have achieved great things together. In addition, let people see the team you are working with and their experience levels in handling projects.

If you look at some websites, the companies will have a section dedicated to the clients they have worked with or are currently working with. This indicated the kind of quality the company possesses. Imagine looking for a company to run your advertisements for you, and on their websites, you see the list of their clients, like Coca-Cola, Reebok, Jameson, and other top brands. This will definitely influence your decision to give the company the contract.

Tell a story

Creating a buyer persona that will entail telling an appealing story to win clients through such profiles is part of standing out among the other companies. Companies should be able to tell unique stories that relate to their brands and elicit their prospective clients’ desired reactions.

Outline your mission statement

What does your company represent? From your mission statement, which must be included in your company profile, people should tell what you stand for and what beliefs and values you uphold no matter the situation.

Companies will stamp their resistance against racism in their mission statement and try to ensure an equal environment for anyone who works or wants to partner with them. Therefore, company profiles should have mission statements that are clear, concise, and easy to understand.

To create a secure peer-to-peer virtual market for the sale of NFTs.

Write the company history in chronological order

Company profiles have to follow a chronological order to sustain anyone reading them to get more information about you. Some people will not be sold by only reading these profiles. Therefore, you need to follow a particular order that shows your progress in business so that they can be pleasantly intrigued. Imagine looking for investors for your art gallery; you cannot jump back and forth, moving from different timelines. You need to show the growth of the gallery and the shows you have hosted, so they can properly measure success.

Include highlights

Company profiles need to showcase the best times of the company; therefore, highlights include the awards, achievements, and other notable areas you need to tell people so that they can see how credible you are.

These are as follows:

Awards and recognitions

One of the highlights you should add in company profiles should be awards and recognitions. This shows the value and level of authority that you have achieved in your industry. It will be exciting for investors to see something that will make you more credible.

Certifications

They are also an intricate part of such profiles. It has been said that certifications influence the kind of jobs and contracts people get. Therefore, this addition will bolster your credibility and prestige as a business owner.

It will be best to showcase the GCP and other developer certifications as a software company.

Special programs and projects

Programs and projects that will interest the target audience should also be part of the company profiles. It will tell how progressive you are in your business module.

They are another way of improving the way your business looks on company profiles. The essence of these profiles is to entice investors, stakeholders, and clients. Hence, social proofs are a way of letting another person say how great your company is. You can add testimonials of clients and show a happy client after using your product. You want the readers of the profiles to relish in the same excitement the clients feel when talking about your product or service.

If there is anywhere in the news or media that you have been recognized for outstanding work, whether traditional or social media, it would be advisable to add it to your profiles.

Optional items to include

Depending on what you are looking to achieve with your company profiles, you can add the following items:

Annual sales

Annual sales are great for such profiles if you look to solicit investors and show what you have done in the past year.

Financial targets

Financial targets show the direction the company is heading. It can also show the strategies you intend in getting these numbers that you have stated to the invested.

For a Tech company, it is best to add the financial targets that will show investors the possibilities they can achieve if they support your company. Then, it would be best if you shared actionable plans that can achieve these financial targets in your company profile.

Demographics

It entails the description of the people in your company. The company profiles you present to investors should contain your employees’ strengths and the statistics of diversity. If you are trying to reach a global audience with your brand, you need to show that your employees are diverse in culture, sex, nationality, and other areas. You need to include the partners that are currently on board with your company in your profile. It will show that you are trustworthy and entice the right people.

Imagine a tech startup having Microsoft as one of its partners, investors seeing that their profiles will definitely interest them.

Adding quality photographs that capture the essence of your company and what you have done in the past.

Companies can add Corporate Social Responsibility pictures to show that they are concerned about society.

Include a contact information

As many people will patronise your business using social media and applications, others will prefer coming to the physical location. Therefore, hyperlinking the contact information on your website will be a great option. Therefore, company profiles need to have contact information after the target audience has been thrilled with the content that has been highlighted so far.

Add a call to action

Most people will not take action unless you tell them to. You have to resist the urge to sign off the company profile with the contact information; a call to action initiates a conversation with the reader. The end goal of a company profile is not to read about your company, but you want people to patronise whatever business you are into. Therefore, you can simply add “Get in touch” or “See more information,” a prompt that makes people take a particular action.

Tips for Writing a Professional Company Profile

As a business owner, even if you know what to add to a company profile, you still need to understand a few important things in achieving the goals you want your company profiles to do.

Here are some tips:

Keep a consistent format throughout

You need to maintain a distinct but consistent flow throughout the company profile. Changing the style while the reader is flowing can hamper the understanding of your business. Hence, this can affect your image.

Always read through the entire company profile; you can hire an editor who can properly correct the mistakes, whether punctuation, sentence structure, or spelling. You want to show people that you are professional.

Use subheadings

This allows readers to find the profile more intriguing; having breaks representing different ideas in the company profile will aid understanding. Subheadings ensure that your readers are not bored with one long text.

Include the logo

Let people attribute the words to a logo. This logo captures your business and registers in the mind of the readers. There are nowhere people will see the swish that Nike will not come to mind. In the same vein, let people attribute you to your logo.

Consider design elements

Think about exciting themes that you can use to design the company profile from the colors, font types, and sizes, among other elements. Ensure that the design is appealing to you and get the opinion of another party. 

Describe how your services will help

Understand the pain points of your target audience and address them in your company profile. For example, if you are introducing a new product, you have to show the target audience that what you have can alleviate their issues and is much better than what they used before.

Avoid using long texts

A client satisfaction survey can help you avoid long texts since you know their pain points; you can easily address them in short texts. You need to make things clear; simply say that if your company seeks to provide a better internet alternative. There is no need to ramble around the preamble. If you need to state facts and present figures to break up the texts, then do that. You do not want to bore the investors; keep them intrigued with straight-to-the-point texts.

Final Thoughts

Company profiles are instrumental in how the public perceives your company. Therefore, adherence to these tips and strategies for a solid company profile can stand out regardless of the others available. More importantly, it can be the deciding factor that ensures you get the right funding and prospective clients to bolster your revenue.

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Jean Murray

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How to Write a Company Profile (Plus Samples and Templates to Aid You)

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If you've never written a company profile before, the first time can be a little intimidating. A company profile's purpose, after all, is not just to include basic details about the brand. It must also highlight the strengths of your company clearly and confidently. Consider it to be something akin to your company's resume.

To help you create this incredibly important document for your business, you're going to need some expert advice. In this article, we have tips, templates, and samples to help get you started.

What Is a Company Profile? Meaning, Basics, and More

A couple of colleagues celebrating their latest win.

A company profile is a professional summary that describes a business and what it does. You'll need a professional company profile if you're trying to hook investors, but you can also use it to pacify other stakeholders, including clients and people visiting your site for the first time.

The style and length of a company profile can vary depending on the nature of the business. For new start-ups, a concise two-page profile might be sufficient, highlighting the core aspects of the company. Established organizations, on the other hand, may include additional sections showcasing their achievements, such as awards, certifications, and an extensive client portfolio.

Ultimately, the profile should reflect the company's identity, mission, and notable accomplishments. Above all, a company profile is an opportunity to let your brand's true colors shine. It is your gateway to showcasing your company's strengths and leaving a lasting mark on the minds of your audience.

What to Include in Your Company Profile

A well-written company profile is clear, concise, accurate, and completely up-to-date. Good spelling and grammar are crucial—be on the lookout for typos, and be sure to read it through several times; you might even consider using a proofreading tool as another check.

Aside from these two points, your company introduction should also include the following elements:

1. The Business Details

Company profile template by FormBirds

It's called a corporate profile for a reason—company or business profile content should pull double-duty as an easy-to-read report that details all the most important aspects of your brand, business, and goals.

This most certainly includes extremely basic information, such as contact information for your company. We've listed some of the most important things that any business profile needs to include. These tidbits should be readily available and easy to find:

  • Company name
  • Established date
  • Physical address per location
  • Phone and fax numbers
  • Website URL
  • Email address

2. The Company Basics

These items will vary depending on your industry and what you happen to do specifically; skip anything that's irrelevant to your company, picking and choosing only what you need to include.

This is one area where you can really showcase what your company has done and where it would like to take itself in the future. Invite the reader into your legacy. Show them the world that you're trying to build with your team.

  • Description of the business, including its mission and/or vision.
  • Product descriptions
  • Description of services
  • History, expansion, and growth
  • Public relations
  • Advertising
  • Industry information
  • Safety, health, and environmental policies
  • Core team details
  • Client portfolio

3. The Highlights

Company highlights in business profile

Now: your bragging rights. We've shown the reader where the company has been. Now, it's time to prove to them that you're already a team of winners.

  • Certifications
  • Special programs and projects
  • Testimonials
  • News or media recognition

4. Client Portfolio

If possible, you can include a list of the prominent clients or customers you have served and highlight any major partnerships. You can add testimonials or success stories from satisfied customers to build trust and confidence in your company's ability to deliver quality products or services.

5. Optional Items

You may see the following items in other company profiles or within the samples and templates below. If you've got the data or the pedigree to back any of the following up, these extra details might be of particular interest to your audience, especially to potential investors.

  • Annual sales
  • Financial targets
  • Number of employees
  • Photographs

With all of these different key details in mind, you can start to build a business profile template that includes them all. Fill in the blanks, and you've got the perfect foundation on which to build your company's profile.

Company Profile Samples and Templates

If you're hesitant to simply throw it all down at once, you can also borrow your company profile format from any successful brand that you follow, adapting it loosely to your needs. You can also find a free business profile sample online—plenty of business influencers and template services offer their take on the matter for you to exploit.

Read on to find the perfect company profile PDF for your small business. You'll need a PDF editing tool, converter, or application to open or edit some of these; we can suggest a few browser-based PDF editors if you're stuck.

1. Keeping Your Business Profile Format Short and Sweet

Startup company profile from TidyForms

This first template (from TidyForm ) is short and sweet. If this is your first time creating a company profile, it might be a good one to start with. It's clean and simple; the sections in blue help prompt you with what should be included in each area.

Henkel company profile

This basic business profile template (from FormsBirds ) offers the reader a breath of fresh air with just a splash of color. With this option, you can put your own company logo at the top and edit the color theme throughout the document to match.

Company profile template

Another great business profile template (from FormBirds ). It begins with a useful table of contents; you can go through the index and simply add what you need to add as you go. If you prefer crisp, clean, and structured documents, you'll like this one a lot.

2. A Slightly More Involved Company Introduction

Business company profile template by TidyForm

This company profile format (from TidyForm ) uses an outline instead of a table of contents. You can read through each page quickly; each section and level shows you exactly what you should include. It's also available as a DOC file, as well.

Professional company profile template

This business profile format (from FormBirds ) is stunningly visual—it takes the reader on a vibrant and illustrative adventure, all while informing them about your company's charter vision and achievements. If you have the media to flesh it all out, it's one of our top recommendations, especially for pitches.

Business profile template by FormBirds

Another great option if you prefer a visual theme is this template, also from FormsBirds . You can add company and team photos for a personal touch, along with graphs and charts that show off your numbers.

TidyForm template

This business profile template (from TidyForm ) is as simple and attractive as it is useful. If you're worried about overloading your audience with information, the style of this company profile PDF will be able to help you organize it into something much more approachable and readable.

3. Telling It Like It Is: The Full Monty

Another company profile template by TidyForms

If you're at the helm of a company that is constantly growing and evolving, you're going to need a corporate profile of corresponding proportions. This option (from TidyForm ) is more than capable of containing even extremely abundant accounts of accomplishments and other information.

Company profle

This stylish company profile PDF (from FormBirds ) is completely stunning in terms of graphic design, straight-up. You'll find visual motifs and charming thematic elements throughout all 33 pages, and any of them can be customized around all the information pertaining to your company in particular.

No matter how much you have under your belt already, you'd be hard-pressed to run out of room here.

Write a Perfect Company Profile: First Impressions Matter a Lot

With any luck, at least one of the corporate profile samples mentioned here gives you just what you need: the perfect canvas upon which to base your own.

Once you've gotten all the clerical stuff out of the way, we encourage you to make your own profile. The goal is to reach out and touch the reader with what you do; a well-written corporate profile is a perfect way to win.

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U.S. Department of Energy Announces Over $63 Million to Support Commercialization of Transformative Energy Technologies

WASHINGTON, D.C. —  In support of President Biden's Investing in America agenda , the U.S. Department of Energy (DOE) today announced $63.5 million for four transformative technologies through the Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program. The four projects have demonstrated a viable path to market and represent technologies focused on aerogels for energy-efficient insulated glass units, thermal batteries to supply combined heat and power from renewable electricity, energy-dense solid state batteries, and cement decarbonization. SCALEUP supports the Biden-Harris Administration’s efforts to advance critical research and development helping to propel America’s energy innovation leadership on the global stage.

“America is an innovation superpower, and President Biden is helping to scale up the next generation of clean energy solutions that will advance the nation even further toward our net-zero goals,” said U.S. Secretary of Energy Jennifer Granholm . “By catalyzing the commercialization of promising technologies, we are empowering the private sector to g“America is an innovation superpower, and President Biden is helping to scale up the next generation of clean energy solutions that will advance the nation even further toward our net-zero goals,” said U.S. Secretary of Energy Jennifer Granholm. “By catalyzing the commercialization of promising technologies, we are empowering the private sector to go all in to boost American manufacturing, strengthen national security and ensure our competitive edge.” 

The SCALEUP program provides new funding to previous ARPA-E awardees that have successfully de-risked their technology and established a viable route to commercial deployment.

The four projects selected as part of the latest SCALEUP program are: 

  • AeroShield Materials (Waltham, MA) will develop a pilot manufacturing facility for aerogels for high-efficiency insulated glass units that will enable residential and commercial buildings to become more energy efficient, meeting current and future ENERGY STAR targets for windows. (Award amount: $14,500,000) 
  • Antora Energy (Sunnyvale, CA) will scale up production of its thermal battery technology, which turns low-cost renewable energy into reliable, on-demand heat and power for industrial facilities, enabling rapid decarbonization of the industrial sector. (Award amount: $14,500,000) 
  • Ion Storage Systems (Beltsville, MD) will support domestic manufacturing of next generation solid-state lithium-metal batteries and accelerate commercialization of the technology into the electric vehicle market. (Award amount: $20,000,000)
  • Queens Carbon (Pine Brook, NJ) will develop an on-site pilot facility capable of producing carbon-neutral supplemental cementitious materials using industry standard raw materials to support decarbonized cement production. (Award amount: $14,500,000) 

This is the third cohort of projects selected under the SCALEUP program, and you can access full project descriptions for the technologies above on the ARPA-E website.

One of the project teams from the initial SCALEUP—Natron Energy, a global leader in sodium-ion battery technology—recently began commercial-scale operations at its manufacturing facility in Holland, Michigan.  LongPath Technologies—another awardee from the initial SCALEUP—has created a paradigm shift in methane detection and mitigation by developing technologies capable of detecting over 90% of methane leaks down to 0.2 kg/hr from nearly a mile away. LongPath recently received an LPO loan guarantee of $189 million. Finally, Sila—a next-generation battery materials company also funded under SCALEUP—was selected to received up to   $100 million in funding through the Bipartisan Infrastructure Law (BIL)   to support the build-out of a facility in Moses Lake, Washington. Early ARPA-E funding and SCALEUP support were instrumental in the company’s success, and continued support demonstrates how critical President Biden’s whole-of-government strategy is to supporting energy technology from early stages, such as R&D, to full-scale deployment.   In 2021, ARPA-E issued the second SCALEUP program, which went on to support work in hybrid electric aircraft; high-power density magnetic components; efficient, cost-effective and compact U.S.-manufactured electric vehicle charging equipment; wood products that are stronger, lighter and less expensive than structural steel; rare earth-free permanent magnets; floating offshore wind; and geomechanical energy storage.  The SCALEUP program has successfully demonstrated what can happen when technical experts are empowered with the commercialization support to develop a strong pathway to market, and this latest cohort furthers the Biden-Harris Administration’s commitment to supporting American energy innovation. 

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Beyond Ozempic: New GLP-1 drugs promise weight loss and health benefits

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The next wave of obesity drugs is coming soon.

Drug companies are racing to develop GLP-1 drugs following the blockbuster success of Novo Nordisk’s Ozempic and Wegovy and Eli Lilly’s Mounjaro and Zepbound.

Some of the experimental drugs may go beyond diabetes and weight loss, improving liver and heart function while reducing side effects such as muscle loss common to the existing medications. At the 2024 American Diabetes Association conference in Orlando, Florida, researchers are expected to present data on 27 GLP-1 drugs in development.

“We’ve heard about Ozempic and Mounjaro and so on, but now we’re seeing lots and lots of different drug candidates in the pipeline, from very early-stage preclinical all the way through late-stage clinical,” said Dr. Marlon Pragnell, ADA’s vice president of research and science. “It’s very exciting to see so much right now.”

A large portion of the data presented comes from animal studies or early-stage human trials. However, some presentations include mid-to late-stage trials, according to a list shared by the organization.

Approval by the Food and Drug Administration is likely years away for most. Some of the drugs showcased could be available for prescription in the U.S. within the next few years.

“We’ve witnessed an unprecedented acceleration in the development of GLP drugs,” said Dr. Christopher McGowan, a gastroenterologist who runs a weight loss clinic in Cary, North Carolina. “We are now firmly entrenched in the era of the GLP.”

While the existing drugs are highly effective, new drugs that are more affordable and have fewer side effects are needed, McGowan added.

There aren’t just GLP-1 drugs in the pipeline. On Thursday, ahead of the diabetes conference, Denmark-based biotech firm Zealand Pharma released data that showed a high dose of its experimental weight loss drug petrelintide helped reduce body weight by an average of 8.6% at 16 weeks.

The weekly injectable medication is unique because it mimics the hormone amylin, which helps control blood sugar. The hope is patients will experience fewer side effects like nausea commonly associated with GLP-1 drugs such as Wegovy and Zepbound.

Can glucagon hormone help with weight loss?

GLP-1 medications work, in part, by slowing down how quickly food passes through the stomach, leading people to feel fuller longer. In several of the upcoming weight loss drugs, a different hormone called glucagon is in the spotlight. Glucagon is a key blood-sugar-regulating hormone that can mimic the effects of exercise.

One of the drugs featured at the conference on Sunday is called pemvidutide, from Maryland-based biotech firm Altimmune .

The drug contains the GLP-1 hormone, a key ingredient in Ozempic and Wegovy, in addition to glucagon.

Altimmune released data from a phase 2 trial of 391 adults with obesity or who are overweight with at least one weight-related comorbidity such as high blood pressure. Patients were randomized to either get one of three doses of pemvidutide or a placebo for 48 weeks.

Researchers found that patients who got the highest dose of the drug lost on average 15.6% of their body weight after 48 weeks, compared to the 2.2% body weight loss seen in patients who got a placebo. In similar trials, semaglutide was shown to reduce body weight by around 15% after 68 weeks.

These are not direct comparisons because the drugs weren’t compared in a head-to-head clinical trial.

Dr. Scott Harris, Altimmune’s chief medical officer, said the drug has been shown to help people lose weight, as well as provide health benefits to the liver and heart. What’s more, the drug has shown benefits in preserving lean body mass. Some studies have suggested that semaglutide, the active ingredient in Ozempic and Wegovy, can cause muscle loss.

“If people take the drugs long term, what’s going to be their long-term health? What’s going to be the long-term effects on their body composition, their muscle, their ability to function?” he said.

Harris said that people who got pemvidutide lost on average 21% of their lean body mass, which is lower than the around 25% of lean body mass people typically lose with diet and exercise.

“We’re the next wave of obesity drugs,” Altimmune President and CEO Vipin Garg said. “The first wave of mechanisms was all driven by appetite suppression. We are adding another component.”

Altimmune expects to begin a phase 3 trial soon. The company hopes the drug will be available in the U.S. sometime in 2028.

Competition could drive down costs

Expanding the number of weight loss drugs available is important for several reasons, experts say.

More options could also help alleviate the shortages seen in the U.S. with Novo Nordisk’s and Lilly’s weight loss drugs.

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Increased competition could drive down the high cost of the drugs over time. A month’s supply of Wegovy or Zepbound can cost more than $1,000, often financially untenable for many patients, experts say.

Patients can also respond differently to treatments, said Dr. Fatima Cody Stanford, an associate professor of medicine and pediatrics at Harvard Medical School. In fact, some have found the existing GLP-1 options ineffective.

“Different GLP-1 drugs may have varying levels of efficacy and potency,” she said. “Some patients may respond better to one drug over another, depending on how their body metabolizes and responds to the medication.”

Since starting Ozempic in June 2022, Danielle Griffin has not seen the results her doctor predicted. “She really expected to see a huge difference in my weight, and I just never saw it,” said the 38-year-old from Elida, New Mexico. Griffin weighed about 300 pounds and has lost only about 10 pound in two years. She said her “expectations were pretty much shattered from that.”

Amid insurance battles and shortages, she has also tried Wegovy and Mounjaro, but didn’t see a difference in her weight.

“I don’t feel like there are options, especially for myself, for someone who the medications not working for.”

The prospect of new medications on the horizon excites Griffin. “I would be willing to try it,” she said, adding that “it could be life changing, honestly, and you know that alone gives me something to look forward to.”

More drugs in the pipeline

Eli Lilly, which makes Zepbound and the diabetes version Mounjaro, has two more GLP-1 drugs in development.

On Sunday, Lilly released new data about retatrutide, an injectable drug that combines GLP-1 and glucagon , plus another hormone called GIP. GIP is thought to improve how the body breaks down sugar.

In an earlier trial, retatrutide helped people lose, on average, about 24% of their body weight, the equivalent of about 58 pounds — greater weight loss than any other drug on the market.

New findings showed the weekly medication also significantly reduced blood sugar levels in people with Type 2 diabetes.

On Saturday, there were also new findings on the experimental mazdutide, which Lilly has given permission to biotech firm Innovent Biologics to develop in China. The drug combines GLP-1 and glucagon.

In a phase 3 study of adults in China who were overweight or had obesity, researchers found that after 48 weeks, a 6-milligram dose of the drug led to an average body weight reduction of 14.4%.

The drug also led to a reduction in serum uric acid — a chemical that can build up in the bloodstream, causing health problems, and has been associated with obesity, according to Dr. Linong Ji, director of the Peking University Diabetes Center, who presented the findings.

That was “quite unique and never reported for other GLP-1-based therapies,” he said in an interview.

The drug could be approved in China in 2025, Ji said.

Improving metabolic conditions

An estimated 75% of people with obesity have nonalcoholic fatty liver disease and 34% have MASH, or metabolic dysfunction-associated steatohepatitis, according to researchers with the German drugmaker Boehringer Ingelheim. Fatty liver disease occurs when the body begins to store fat in the liver . It can progress to MASH, when fat buildup causes inflammation and scarring.

In a phase 2 trial of people who were overweight or had obesity, Boehringer Ingelheim’s survodutide, which uses both GLP-1 and glucagon, led to weight loss of 19% at 46 weeks. Another phase 2 study in people with MASH and fibrosis found that 83% of participants also showed improvement in MASH.

Survodutide “has significant potential to make a meaningful difference to people living with cardiovascular, renal and metabolic conditions,” said Dr. Waheed Jamal, Boehringer Ingelheim’s corporate vice president and head of cardiometabolic medicine.

On Friday, the company released two studies on the drug. One, in hamsters, found that weight loss was associated with improvements in insulin and cholesterol. The second, in people with Type 2 diabetes or people with obesity, found the drug helped improve blood sugar levels.  

The company is looking to begin a phase 3 trial.

CLARIFICATION (June 24, 2024, 2:31 p.m. ET): Innovent Biologics has entered into an exclusive licensed agreement with Eli Lilly for the development of mazdutide in China, not a partnership.

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Berkeley Lovelace Jr. is a health and medical reporter for NBC News. He covers the Food and Drug Administration, with a special focus on Covid vaccines, prescription drug pricing and health care. He previously covered the biotech and pharmaceutical industry with CNBC.

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