Are weight-loss treatments the blockbuster drugs of the decade? – The Average Joe
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    Are weight-loss treatments the blockbuster drugs of the decade?

    victorlei

    January 25, 2023

    This drug may finally put an end to all those fitness fads that make you question why they were ever created. (Shake Weight 👀).

    Introducing — GLP-1-based drugs that treat diabetes and obesity. Several have been approved in the past two years — stimulating hormones that make you feel full.

    The rich are using them casually, which has led to a major shortage — and now they realize it’s the cause of their rapidly aging face.

    Two drug developers with treatments in the market are:

    • Novo Nordisk A/S (NYSE:NVO) — a first mover with Saxenda and Wegovy (approved for weight loss), and Ozempic drugs.
    • Eli Lilly (NYSE:LLY) — Mounjaro, approved to treat type 2 diabetes in May 2022, is seen to be more effective with fewer side effects.

    Both companies’ stocks have soared nearly 50% in the past year. Since Novo’s drugs were approved, the company has continuously raised its earnings forecasts.

    • Analysts expect the obesity market to reach $30B by 2030, and other drug developers are close behind.
    • Drugmakers Amgen (NASDAQ:AMGN) and Pfizer (NYSE:PFE) are also developing their own drugs.

    Instead of an injection pen with a needle, Pfizer is developing a pill that could become its advantage.

    The new favorite drug of the 1%…

    Demand has been so high that yesterday, Eli Lilly announced a $450M manufacturing investment to increase production.

    Unfortunately, it’s also created a shortage for diabetic and obese patients who actually need it. Those without prescriptions are getting them off-label.

    But we know one person who won’t take it:

    Tell ‘em, Joey.

    Is it too good to be true? Let’s see, the drug has:

    • Rare side effects like thyroid cancer, pancreatitis and kidney failure.
    • Facial aging — plastic surgeon Dr. Oren Tepper said such drugs could “turn your facial clock forward” (NYT).

    Treatment can cost as much as $1K per month — not including the $75K face lift bill. Plastic surgeons and dermatologists around New York are seeing an influx of patients on these drugs.

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