Herbalife rises on launch of nutritional products for weight-loss drug users

Herbalife

08/02/2024 14:34

** Shares of nutritional products firm Herbalife  HLF.N 
rise 3.4% to $12.03 in early trading
    ** Co announces the launch of product combos intended to
support the nutritional needs of individuals on GLP-1s and other
weight-loss medications
    ** The combos consist of protein shakes to help build muscle
tissue and maintain lean muscle mass - HLF
    ** Newer weightloss drugs such as Novo Nordisk's  NOVOb.CO 
Wegovy and Eli Lilly's  LLY.N  Zepbound have seen extraordinary
demand
    ** GLP-1 agonists mimic the activity of a hormone that slows
digestion and helps people feel full for longer
    ** HLF stock has fallen ~31% in the last 12 months

 (Reporting by Sriparna Roy in Bengaluru)
 ((Sriparna.Roy@thomsonreuters.com;))