Money Magazine

Reality behind a ‘dream drug’

INVEST HEALTH INNOVATION

Millions of people around the world are turning to Ozempic to help them lose weight, but its effects are being felt far beyond the bathroom scales.

The drug's ability to help people shed extra kilos has given a huge boost to the economy of Denmark, where it is produced; is shaving billions of dollars off the value of companies that stand to lose out from a thinner population; and could have farreaching effects on the economies of Australia and other nations where obesity is a growing problem.

Ozempic was approved for use as a diabetes treatment. It and similar drugs contain semaglutide – it mimics the action of a naturally occurring hormone called GLP-1, which helps the pancreas produce insulin and, in turn, works to manage type 2 diabetes.

Although not designed to be a weight-loss medication, it has been found

You’re reading a preview, subscribe to read more.

More from Money Magazine

Money Magazine1 min read
Worthy Of Display
Dinosaur Designs bridges art and nature with this gorgeous Wide Paradise vase in Grape – the scalloped edge makes it positively tulip-like. The 20.5cm-high resin vase can hold a bunch of beautiful flowers or stand alone as a sculptural piece. How muc
Money Magazine4 min read
Juggling Act Facing Part-timers
The superannuation system was set up decades ago when secure employment and regular wages were the norm. Today, casual jobs and short-term contracts are widespread, leading to gaps in workers’ retirement savings. It’s common for older workers, 60 and
Money Magazine1 min read
Why The Gym Should Be Tax Deductible
The Australian government uses the tax system to encourage us to invest in our superannuation to reduce dependency on the age pension when we retire. Similarly, it uses the tax system to encourage us to take up private health insurance to reduce dema

Related Books & Audiobooks