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How New Weight-Loss Medicines Are Changing the Diet Business

Big diet companies are changing how they work because of two powerful medicines, Ozempic and Wegovy, which are causing a stir in the weight-loss world.

What Are Ozempic and Wegovy?

  • Ozempic helps people with diabetes, and Wegovy is a drug to help people lose weight.
  • Both of these medicines make it easier for people to lose weight and not feel so hungry.

What’s Happening in the Diet Industry?

  • Big diet companies like Weight Watchers and Noom are changing what they do.
  • Weight Watchers bought a company called Sequence that can give people prescriptions for weight-loss drugs.
  • Noom, an app that helps people eat better and exercise more, is also starting a service where you can talk to a doctor online.

What Are People Saying?

  • Some people are now thinking about taking these drugs instead of getting weight-loss surgery.
  • This might mean fewer people going to restaurants, especially fast-food places like McDonald’s.
  • These drugs might also help lower the number of people with type 2 diabetes and the need for machines to help with sleep problems.

But There’s a Catch

  • Not everyone can afford these drugs because they can be very expensive, especially if you don’t have good health insurance.

What’s Happening to Diet Companies?

  • Diet companies are not making as much money as they used to.
  • For example, Medifast, which sells diet products, made 34.7% less money than the year before.
  • Herbalife, a company that sells supplements, also made less money, with a 6% drop in revenue and over 30% less profit.

What Are CEOs Saying?

  • The CEO of Herbalife said they are looking at the situation and will try to make the most of it.
  • The chief financial officer of Intuitive Surgical, a company that makes medical tools for weight-loss surgery, said these new drugs are already hurting their business.

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