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A catalyst for this unusual bearish activity remains unclear, but the company last week launched a membership plan that grants members access to doctors who can prescribe Novo Nordik’s (NVO) Ozempic and Wegovy for weight loss.
Because Wegovy is not yet available in Canada — and Novo Nordisk has not given a date when it will be — some doctors are prescribing Ozempic at higher doses for their patients suffering from obesity.
Boots said: “Wegovy is a weight loss medicine that can help to regulate your appetite and reduce cravings.
But once Wegovy stocks ran low and people realized that significant weight loss was a side effect of Ozempic, more people without diabetes started seeking out the drug.
Source: https://qz.com/weightwatchers-weight-loss-drugs-sequence-deal-1850196245
By expanding its manufacturing capacity, Lilly could avoid some of the manufacturing constraints that encountered by rival Novo Nordisk and its weight loss drug, Wegovy.
Experts have warned that Wegovy is not a 'magic pill'.
How does Wegovy work?
However, Novo’s inability to keep up with U.S. demand for Wegovy has effectively delayed the launch in most of Europe.
Source: https://www.shorenewsnetwork.com/2023/09/04/wegovy-makes-uk-weight-loss/
“I got his Wegovy approved but his parents can’t find a pharmacy that has it,” Dr. Fennoy said.
Source: https://www.nytimes.com/2023/12/11/health/teens-wegovy-obesity-drugs-ozempic.html
Ileus — the medical term for a blocked bowel — is listed as an official side effect on the warning labels of Ozempic, Wegovy and Mounjaro.
It also said Wegovy could only be used as a treatment for two years - the length of time it was tested in pivotal clinical trials.
It’s significant that Wegovy, the drug for general weight loss, has been approved in the US at much higher doses than Ozempic, the drug for diabetics.
Source: https://cyprus-mail.com/2023/08/27/ozempic-cypriots-shed-kilos-with-weight-loss-drug/
It’s the latest sign of major changes in the weight-loss industry, brought on by popular new prescription diabetes drugs such as Wegovy, Ozempic, and Rybelsus.
Jorgensen said he could not give a date for when Wegovy would be launched in the UK, where in March the country's cost effectiveness watchdog recommended it for use for certain obese people.
Kymberly Smith started using Wegovy in April.
Source: https://www.nytimes.com/2023/11/27/briefing/israel-hamas-truce-biden-climate-summit.html
Nevertheless, surging demand for Wegovy, and Novo’s highly effective diabetes drug Ozempic, have sent its shares and earnings to record highs.
Source: https://www.shorenewsnetwork.com/2023/09/04/wegovy-makes-uk-weight-loss/
Novo Nordisk’s German Wegovy launch might take a while to succeed.
Novo studied its drug Wegovy over five years in more than 17,000 adults with cardiovascular disease but not diabetes.
Now, after the American Academy of Pediatrics approved giving the drug semaglutide, found in Ozempic and Wegovy, to kids, the group has switched its guidance from wait and see, diet and exercise to Defcon 1, surgery, and drugs.
On Monday, Wegovy became available on the NHS in England.
Source: https://www.heraldscotland.com/politics/23769882.good-health-costs-ready-start-paying/?ref=rss