Eli Lilly and Novo Nordisk dominate the weight-loss drug market, but smaller firms like Roche and Pfizer are developing treatments to compete for market share.
Analysts predict the GLP-1 drug market could soar to $200bn by the 2030s, with Eli Lilly and Novo Nordisk commanding 44% and 36% market shares, respectively.
Supply issues are troubling the weight-loss drug market, with Novo Nordisk confirming that these shortages are expected to continue through 2024.
Novo Nordisk is expanding its manufacturing capabilities with a $4.1bn investment in a new plant in North Carolina to tackle supply constraints.
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