The obesity treatment market has rapidly become one of the most consequential in pharmaceutical investing, driven by the blockbuster success of GLP-1 drugs like Ozempic, Wegovy, and Mounjaro. Eli Lilly and Novo Nordisk are the two dominant players, generating billions in quarterly revenue from drugs that are reshaping treatment of both obesity and type 2 diabetes. Viking Therapeutics and Amgen are among the next-generation challengers developing competing GLP-1 and alternative mechanisms, while downstream beneficiaries like Peloton and WW International are navigating a market that is simultaneously disrupted and expanded by effective medical weight loss.
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4.7
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4.2
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3.8
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3.6
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3.2
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