WeightWatchers is getting into the booming prescription weight loss drug business.
The company, now known as WW International, will buy Sequence, a telehealth subscription service that connects patients with doctors who can prescribe weight-loss and diabetes drugs, including the hot new diabetes drug Ozempic. WeightWatchers offers subscribers meal plans and other tools to lose weight. Oprah Winfrey has a partnership with and stake in the company.
Shares of WW International \n \n surged 20% during pre-market trading Tuesday on the news. Although WeightWatchers didn’t specifically mention Ozempic or any other drug, the company noted that Sequence’s $99-a-month subscription plan helps connect customers to doctors who can prescribe drugs that mimic an appetite-regulating hormone called GLP-1. The GLP-1 agonists Sequence helps prescribe include Wegovy, Ozempic, and Rybelsus.
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