The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy
7 months, 3 weeks ago

The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy

Bloomberg  

There is no escaping Ozempic and Wegovy. They’ve won over the rich and famous, generated billions in sales and blown open a new market for weight loss drugs, which Goldman Sachs estimates will reach $100 billion a year by 2030. The development of semaglutide, the key ingredient in the medicines, has also transformed their maker, Novo Nordisk, into Europe’s most valuable company, with profound implications for its home country of Denmark. Novo’s market capitalization of more than $570 billion is bigger than the Danish economy. The drugmaker’s income tax bill in Denmark last year was $2.3 billion, and its massive investments and heightened production helped the domestic economy expand almost 2% — more than four times the EU average.

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History of this topic

Ozempic investors 'overlooking' opportunities in other areas of healthcare - here's six drugs firms experts are honing in on...
1 week, 1 day ago

Ozempic investors 'overlooking' opportunities in other areas of healthcare - here's six drugs firms experts are honing in on...

Daily Mail  

The weight loss drugs market has been dominating the headlines of late, with manufacturers Novo Nordisk and Eli Lilly the almost unassailable darlings of the stock market when it comes to the healthcare sector. Drug development: Significant progress has been made in treatments for cancer, ADHD and schizophrenia Dan Coatsworth, investment analyst at AJ Bell, said: 'All the excitement around …

Dr. Oz May Have Broken Influencer Marketing Rules
3 weeks ago

Dr. Oz May Have Broken Influencer Marketing Rules

Huff Post  

Mehmet Oz, the television-personality doctor and Donald Trump’s pick to lead the Centers for Medicare & Medicaid Services, pitched herbal supplements and other products to his millions of social media followers without properly disclosing that he had a business relationship with the company selling them, according to a letter published Tuesday. Oz pitched iHerb’s ashwagandha capsules just a few days …

Ten Americans die and 100 are hospitalized after taking Ozempic-like drugs
1 month, 2 weeks ago

Ten Americans die and 100 are hospitalized after taking Ozempic-like drugs

Daily Mail  

Ten people have died and 100 have been hospitalized after taking pharmacy-made copycat versions of Ozempic, its manufacturer has revealed. Ozempic maker Novo Nordisk claims these off-brand versions of its drugs are made with little regulation or oversight which raises the risk that someone could fall ill after using them. Novo revealed the cases after asking the FDA to ban …

Is Ozempic killing the restaurant industry? Eateries reveal they've been forced to reduce portion sizes to tempt diners on weight loss drugs
1 month, 3 weeks ago

Is Ozempic killing the restaurant industry? Eateries reveal they've been forced to reduce portion sizes to tempt diners on weight loss drugs

Daily Mail  

Nima Safaei says there has been a 'shift in how people dine' amid Ozempic rise It's the blockbuster drug that has helped millions of people around the world achieve their weight loss goals. Restaurant owner Nima Safaei is now considering offering smaller sizes to avoid losing any potential customers who are on the weight loss drug 'Sometimes we do wonder …

Influencers are being offered tens of thousands of dollars to hawk weight-loss drugs
1 month, 3 weeks ago

Influencers are being offered tens of thousands of dollars to hawk weight-loss drugs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Influencers have been offered tens …

The US has passed peak obesity, a new survey suggests. Is it the Ozempic effect?
2 months, 2 weeks ago

The US has passed peak obesity, a new survey suggests. Is it the Ozempic effect?

The Independent  

Sign up for our free Health Check email to receive exclusive analysis on the week in health Get our free Health Check email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The United …

Ozempic-producer Novo Nordisk on track for record spending on lobbying in 2024
4 months, 4 weeks ago

Ozempic-producer Novo Nordisk on track for record spending on lobbying in 2024

Raw Story  

This article originally appeared in OpenSecrets. Novo Nordisk — the pharmaceutical giant behind popular weight-loss drugs Ozempic and Wegovy — spent a record $3.2 million on lobbying in the first six months of 2024 as the Denmark-based company expanded its footprint in the United States. In 2017, after two years of clinical trials, the Food and Drug Administration approved Novo …

Millions of Americans need drugs like Ozempic. Will it bankrupt the healthcare system?
6 months, 3 weeks ago

Millions of Americans need drugs like Ozempic. Will it bankrupt the healthcare system?

LA Times  

Injectable weight-loss drugs can prevent serious health problems, which makes them extremely valuable. The financial impact on Medicare is tempered by a 2003 federal law that prevents the government health insurance program from covering weight-loss medications.The drugs can be added to formularies if prescribed for another “medically accepted indication,” such as to treat type 2 diabetes or reduce heart risk, …

Government bans replicas of weight loss drug Ozempic, as vision of raid on filthy lab released
7 months ago

Government bans replicas of weight loss drug Ozempic, as vision of raid on filthy lab released

ABC  

In short: The federal government will ban all compounding pharmacists from making replica Ozempic after a Four Corners investigation revealed it was being illegally manufactured in Australia and exported overseas. The federal government will ban all compounding pharmacists from making replica Ozempic after a Four Corners investigation revealed it was being illegally manufactured in Australia and exported overseas. The federal …

Drugs like Ozempic and Wegovy could boost the US economy by a trillion dollars in a few years, Goldman Sachs predicts
9 months, 4 weeks ago

Drugs like Ozempic and Wegovy could boost the US economy by a trillion dollars in a few years, Goldman Sachs predicts

CNN  

Washington, DC CNN — The US economy is set to reap considerable benefits from Americans taking popular medications used for weight loss, including Ozempic and Wegovy, Goldman Sachs analysts wrote in a recent research report. Goldman Sachs argues that since poor health unambiguously weighs on the economy, improving health outcomes due to GLP-1s could lower costs and boost productivity, shoring …

Is Ozempic causing people to buy less food? Walmart CEO says yes
1 year, 2 months ago

Is Ozempic causing people to buy less food? Walmart CEO says yes

Hindustan Times  

In a recent interview with Bloomberg, Walmart U.S. CEO John Furner revealed that the retail giant has noticed a subtle shift in the purchasing habits of individuals using weight loss drugs such as Ozempic, as opposed to those who aren't. Surging demand for diabetes and weight loss drugs Ozempic and Wegovy has propelled Danish pharma group Novo Nordisk to the …

Ozempic in the spotlight is just the latest in the long, strange history of weight-loss drugs
1 year, 3 months ago

Ozempic in the spotlight is just the latest in the long, strange history of weight-loss drugs

Salon  

This article was originally published on The Conversation. That's been the holy grail of weight-loss ever since 19th century English undertaker and weight-loss celebrity William Banting's 1863 Letter on Corpulence spruiked his "miraculous" method of slimming down. Ozempic is a recent arrival Ozempic and its sister drug Wegovy, both manufactured by Novo Nordisk, are the latest offerings in a long …

'You forget to eat': How Ozempic went from diabetes medicine to blockbuster diet drug
1 year, 8 months ago

'You forget to eat': How Ozempic went from diabetes medicine to blockbuster diet drug

NPR  

'You forget to eat': How Ozempic went from diabetes medicine to blockbuster diet drug Enlarge this image toggle caption Cormeshia Batty Cormeshia Batty The Oscars: The moment when Hollywood's most famous and glamorous gather to accept awards and show off their couture. Sponsor Message In his opening Oscars monologue, comedian Jimmy Kimmel joked about Ozempic, dubbed "the worst-kept secret in …

WeightWatchers gets into prescription weight loss business
1 year, 9 months ago

WeightWatchers gets into prescription weight loss business

Associated Press  

WeightWatchers’ stock soared Tuesday after the company said it is getting into the prescription drug weight loss business with the acquisition of Sequence. Sequence is a telehealth provider that offers users access to drugs used to treat diabetes and obesity under the brand names including Ozempic, Wegovy and Trulicity. “This deal brings access to prescription drug solutions for weight loss …

Maker of fat-loss drugs Wegovy and Ozempic says shortages will be fixed in weeks
1 year, 10 months ago

Maker of fat-loss drugs Wegovy and Ozempic says shortages will be fixed in weeks

Daily Mail  

The maker of pharmaceutical blockbuster Wegovy for weight loss expects shortages to be resolved in the next few months as it ramps up production. An increase in demand combined with manufacturing hiccups caused a contraction in the supply chain last year, leaving behind a shortage of both Wegovy and its sister drug Ozempic. There has been such high demand that …

Doctors Reveal What They Really Think Of Weight Loss Drugs Like Ozempic
1 year, 10 months ago

Doctors Reveal What They Really Think Of Weight Loss Drugs Like Ozempic

Huff Post  

LOADING ERROR LOADING A new class of weight loss drugs on the market have been making waves since they were authorized as a treatment for obesity in 2021. The prescription injections were introduced as a diabetes treatment in 2017, but people soon realized that the medications — which help people with diabetes to manage their blood sugar levels — also …

Weight Loss Hack: What is Ozempic, a diabetes drug, that has gone viral on social media?
1 year, 11 months ago

Weight Loss Hack: What is Ozempic, a diabetes drug, that has gone viral on social media?

Firstpost  

Ozempic, an injectable drug for adults suffering from type 2 diabetes, regulates blood sugar levels and insulin. The drug is trending on social media platforms like TikTok for its ability to help reduce weight In a world obsessed with good looks and slim figures, Ozempic, a diabetes drug, has gone viral on social media platforms like TikTok for its ability …

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