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The Disruptive Power of Weight Loss Drugs Is Being Felt Beyond Pharma



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As they do every summer, publicly traded companies posted their second-quarter results while Americans were baring their bodies on the beach. But this year, the timing was apt. On several earnings calls in August, chief executives reassured investors that the Ozempic revolution had not left them in the dust, and that they could somehow share in the blazing success of new diabetes and weight loss drugs.“It puts us in a good position to be a solution for those who are on the drugs,” said Dan R. Chard, the chief executive of Medifast, which makes diet products like shakes and protein bars, adding: “They’re looking for guidance.” He told analysts this even while explaining that new-generation drugs had helped pummel earnings, down 34.7 percent year on year.“We will continue to study this,” Michael Johns …

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