Concern grows over weight loss drug dupes
Marketplace Morning Report
Marketplace
4.5 • 928 Ratings
🗓️ 6 November 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
From the BBC World Service: The diabetes drug giant Novo Nordisk is reassuring investors with big sales numbers for its popular weight loss drug, Wegovy. But there are concerns over the production of unofficial copies of its drugs, which have been linked to hospitalizations and deaths. And in Nigeria, millions have been without electricity for more than a week following technical problems with the country’s power grid. We hear about the impact from businesses.
Transcript
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| 0:00.0 | Novo Nordisk maintains its lead in the booming weight loss drug market, |
| 0:05.1 | but signals concerns over pharmacy-made versions of its bestsellers. |
| 0:09.6 | Good morning. This is the Marketplace Morning Report from the BBC World Service. |
| 0:13.5 | I'm Leanna Byrne. |
| 0:15.0 | The diabetes drug giant Novo Nordisk is reassuring investors with big numbers for its popular weight loss drug Weigovie, |
| 0:22.2 | up almost 50% from the previous quarter. |
| 0:25.1 | This keeps it in the top slot in the obesity drug market despite competition from Eli Lilly. |
| 0:30.5 | Shares jumped 7% on the news. |
| 0:33.0 | However, the Danish pharma firm has raised alarms over unofficial copies of its drugs, |
| 0:38.5 | which have been linked to 100 hospitalisations and 10 deaths. |
| 0:42.4 | US regulations allow some pharmacies to copy brand name medicines |
| 0:45.9 | that are in short supply by combining, mixing or altering drug ingredients. |
| 0:51.2 | Novo says the FDA should ban compounding Weigobi and Ozambic. |
| 0:55.9 | The company also says it's working hard to increase manufacturing of Weigobi to moot demand. |
| 1:00.8 | It's building a new facility in Denmark. But that's not been straightforward for the local town. |
| 1:05.3 | Here's the BBC's Bob Howard. |
| 1:09.4 | Kalimborg is home to just 16,000 people, but also one of Europe's biggest building sites. |
| 1:16.1 | My name is Martin Dam. I'm the mayor of the municipality of Calamborg. |
| 1:21.0 | More than 9 billion US dollars is an ongoing investment right now. |
| 1:25.8 | Well, that's great news for the town's economy. |
| 1:28.5 | At the moment, most of the people building the plant |
| 1:30.9 | and many existing workers arrive by car from outside each morning |
... |
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