Ozempic has become more in demand as its name started cropping up in other companies' earnings reports.
👉 Background: Ozempic is the diabetes drug created by Danish company Novo Nordisk, which has also become popular with people wanting to lose weight. In fact, over 9 million prescriptions were written for Ozempic and similar drugs in just the last three months of 2022.
👉 What happened: Now, Ozempic has become more in demand than a date with Harry Styles as the drug's name has started cropping up in other companies' earnings reports:
👉 What else: It looks like many industries will have to start rethinking their strategies in response to this viral drug.
💡Breakthrough healthcare has ripple-effects for other industries. The impact of Ozempic is reaching far and wide, beyond just the health sector.
💡For instance, when wearable health monitors like Apple watches and Fitbits become popular, they didn't just impact health services and tech companies, but also the insurance sector.
💡 Another example is the digitisation of medical records, which boosted the cybersecurity industry and opened up a new market for them.
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