Weight-loss market to see 16 new drugs by 2029, report estimates

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The market for weight-loss treatments is expected to see 16 new drugs vying for a slice of the lucrative business currently dominated by Novo Nordisk and Eli Lilly, according to estimates from analysts at Morningstar and Pitchbook.

In a joint report published on Monday, analysts estimated the market for obesity treatments could expand to US$200 billion by 2031. The 16 drugs could launch by 2029, with roughly US$70 billion of the GLP-1 market coming from these new challengers.

Analysts, last year, had forecast the obesity market would be US$170 billion by 2031, but have recently raised their estimates, partly due to anticipated higher diabetes market penetration. Meredith Gaudreau, Johnny Gaudreau’s widow, gave a sincere thank you to Calgary for the outpouring of support for her and the Gaudreau family.Rent increases in smaller markets outweigh declines in big cities in August: report

A daredevil billionaire rocketed back into orbit Tuesday, aiming to perform the first private spacewalk and venture farther than anyone since NASA's Apollo moonshots.During its glossy product announcement event on Tuesday, Apple unveiled a new role for its latest AirPods Pro model: medical device.The Australian government on Tuesday promised to legislate this year to enforce a minimum age for children to access social media, but it has yet to announce how ages will be verified.

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