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· Posted on
February 21, 2024

Ozempic, the quasi-weight-loss drug, is shaking up everything from snacks to seats

Ozempic has become more in demand as its name started cropping up in other companies' earnings reports.

What's the key learning?

  • Snack food brands have spoken about Ozempic's potential impact on their sales, and financial analysts claim that airlines could save a lot in fuel in average passenger weight falls.
  • The impact of Ozempic is reaching far and wide, beyond just the health sector.
  • It looks like many industries will have to start rethinking their strategies in response to Ozempic's boom.

👉 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.

What's the key learning?

💡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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