WW International's newly acquired telehealth unit—which specializes in helping patients get prescription weight management drugs like Ozempic—could serve as an 'on-ramp' to the company's traditional weight loss programs, Goldman Sachs says.
the viral nature of the drugs for causing a shortage of the treatments for patients most in need, as the drugs are primarily used to treat Type 2 diabetes rather than weight management. A study published in October infound individuals taking semaglutide drugs lost about 15% of their body weight over a two-year period, compared to a 3% drop for the control group.
The acquisition comes at a crucial juncture for WW International as a company, with revenue down nearly 50% over the last two years. Goldman upped its forecast for WW International’s revenue next year by more than 30% thanks to the company’s pivot, also hiking its profit projection by 22%.
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