As the buzz surrounding weight-loss drugs gets ever louder, analysts at Goldman Sachs Group Inc are predicting a potential US$100 billion market opportunity, with Eli Lilly & Co and Novo Nordisk A/S leading the pack.
Eli Lilly, whose pipeline of drugs includes Mounjaro, is now the world’s biggest healthcare company by market value. Meanwhile, Novo Nordisk became Europe’s most valuable listed company last month, boosted by market enthusiasm for its Ozempic and Wegovy drugs. Shares of both companies have surged this year.
“The chronic weight management market is undergoing an inflection,” Goldman analysts including Chris Shibutani wrote.
Photo: Reuters
They see scope for “solid growth ahead and a peak opportunity that, by our estimates, could ultimately yield some of the highest grossing drugs of all time.”
The analysts see the global market for anti-obesity medicines potentially growing to about US$100 billion in 2030, compared with about US$6 billion in annualized sales earlier this year.
That is based on about 15 million US adults receiving anti-obesity medicine treatment for chronic weight loss management in 2030, out of about 105 million obese or overweight adults in the US. The analysts excluded diabetics from their obesity projections.
Novo Nordisk’s drugs for diabetes and weight loss, a class of medicines known as GLP-1s, share the same active ingredient, semaglutide. They work by suppressing the appetite as well as slowing the movement of food through the digestive tract.
Meanwhile, Lilly’s tirzepatide — already approved for diabetes as Mounjaro — is expected to enter the weight-loss market with an approval for obesity expected by the end of the year.
Consensus expectations suggest Lilly and Novo Nordisk would have a duopoly, in which the two drugmakers would capture about 80 percent of the obesity market in 2030, Goldman analysts said.
“A dominant leadership position can be maintained at this level,” they wrote.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan