Can GLP-1 Weight-loss Drug Manufacturers Keep Momentum Up?

Can GLP-1 Weight-loss Drug Manufacturers Keep Momentum Up?

As GLP-1 weight-loss drugs have boosted several healthcare stocks, Jennison Associates Head of Global Equity Mark Baribeau joins Market Domination Overtime to discuss whether these companies can keep up the momentum. Baribeau points to Novo Nordisk (NVO) and Eli Lilly (LLY) as companies seeing major revenue growth and likely to split the market. He sees weight-loss and type 2 diabetes drugs as a “paradigm shift” that present huge opportunities for both companies. However, he notes that while consumer demand for these drugs is skyrocketing, Novo Nordisk and Eli Lilly “don’t have the manufacturing capacity to keep up with demand. So the gating factor here is really supply. It’s not demand.” He adds that as manufacturing capacities expand, growth will accelerate, making the industry’s backdrop look “very, very healthy.
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