Forbes October 19, 2023
Topline
Food giant Nestlé on Thursday said it was working on products to accompany weight-loss drugs like Ozempic, Wegovy and Mounjaro, as the food industry evolves in response to the soaring popularity of the appetite-killing drugs amid fears they will dampen demand and erode bottom lines.
Key Facts
News Peg
The stellar successes of Wegovy and Ozempic—which have been shown to help facilitate weight loss and could bestow other health benefits in areas like heart and kidney disease—has transformed drugmaker Novo Nordisk into the most valuable public company in Europe. The firm has struggled to keep up with demand and has acknowledged it will take years for it to do so. They are likely the leading edge of an impending...
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