Novo Nordisk developed Ozempic, sparking a weight-loss revolution and aiming to eliminate obesity entirely.
Novo Nordisk developed Ozempic, sparking a weight-loss revolution and aiming to eliminate obesity entirely.
Novo Nordisk’s Weight-loss Drug: A Game Changer in the Battle Against Obesity
![Image](https://content.fortune.com/wp-content/uploads/2023/07/NOVO_ONLINE.0923.jpg)
Tucked away in the picturesque town of Hillerød, just north of Copenhagen, lies Novo Nordisk’s pharmaceutical factory. It may be far from the glitz and glamour of Hollywood, but the drugs it produces have taken the weight-loss industry by storm. At the recent Academy Awards, host Jimmy Kimmel jokingly wondered if the A-list attendees were using Ozempic, a weight-loss drug that has become the talk of the town.
Ozempic, approved by the Food and Drug Administration (FDA) as a treatment for Type 2 diabetes in 2017, has gained widespread popularity as a weight-loss drug. In fact, Novo Nordisk’s similar drug, Wegovy, became the first weight-loss medication in eight years to receive FDA approval for obesity treatment in 2021. This sparked a frenzy among dieters, fueled by social media influencers and celebrities like Elon Musk. The demand for Wegovy skyrocketed, causing shortages and leading doctors to prescribe Ozempic as an off-label alternative. However, the off-label use of Ozempic caused shortages for Type 2 diabetics who rely on the drug for its intended purpose.
The scarcity and high out-of-pocket cost, around $1,000 per month, only added to the allure of Ozempic as a drug reserved for the elite. Studies have shown that both Ozempic and Wegovy can lead to substantial weight loss of up to 15%. This achievement had previously been deemed impossible.
The rapid uptake of Wegovy took Novo Nordisk by surprise. The company’s sales rose by 25% in the first three months of 2023, and it predicts a significant increase in operating profit for the full year. Novo Nordisk’s success is not just remarkable for the company, but it also hints at the potential of the global weight-loss industry. Analysts believe the market will expand exponentially as more drug companies introduce new treatments and millions of people seek solutions to manage their weight.
While Novo Nordisk is currently leading the weight-loss medication market, it faces tough competition from other pharmaceutical giants. Pfizer, for example, is seeking FDA approval for its weight-loss tablet called danuglipron. Eli Lilly’s Mounjaro, a drug similar to Ozempic, has also shown promising results. Novo Nordisk and Lilly are considered the winners in the industry, with other companies scrambling to catch up.
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Despite the success of Ozempic and Wegovy, concerns have been raised about the ethical implications of changing people’s metabolism and the drugs’ potential side effects. Reports of suicidal thoughts among some patients triggered an investigation by the European Union. Novo Nordisk aims to address these concerns by shifting its focus to prevent patients from becoming obese in the first place.
Novo Nordisk has a rich history in diabetes treatment, as it was founded in 1923 by Danish physician August Krogh. The company’s breakthrough in weight-loss medication was not an overnight achievement. Novo Nordisk narrowly focused its research and development on diabetes, obesity, and rare diseases, and nearly all of the company’s development is done in-house.
The weight-loss breakthrough came with the discovery of the hormone glucagon-like peptide-1 (GLP-1), which governs appetite. Novo Nordisk developed semaglutide, a lab-made imitation of GLP-1, as the key component in Ozempic and Wegovy. Semaglutide tricks the body into feeling full, even after consuming a small amount of food. Novo Nordisk’s scientists initially faced discouragement, as previous attempts at weight-loss medication had only resulted in modest weight loss. However, trials with Ozempic shattered the 10% weight loss barrier, with patients losing up to 15% of their body weight.
Novo Nordisk’s weight-loss drugs have redefined how obesity is perceived. Obesity is now recognized as a treatable disease rather than the result of an individual’s unhealthy habits. However, caution is necessary when promoting these drugs, as they should be part of a holistic approach that includes a healthy diet and exercise.
Novo Nordisk’s breakthrough success has positioned it as the frontrunner in the weight-loss medication market. The company is now focused on innovation beyond Ozempic and Wegovy and is actively exploring ways to prevent obesity. Novo Nordisk believes that addressing the obesity epidemic requires the collective efforts of the entire industry and a shift towards prevention rather than solely relying on the development of more effective diet drugs.
As Novo Nordisk and its competitors continue to drive advancements in weight-loss medication, the potential to combat the global obesity crisis is within reach. With over 1 billion obese people worldwide, innovative solutions are urgently needed to address the associated health risks. Novo Nordisk’s remarkable journey from diabetes treatment to groundbreaking weight-loss drugs showcases its commitment to making a significant impact on public health.
This article originally appeared in the August/September 2023 issue of ANBLE with the headline, “Novo Nordisk takes on the weight of the world.”