WW International and LifeMD fall as Eli Lilly launches website for weight-loss drug

LifeMD

04/01/2024 16:06

(Updates)
    ** Shares of WW International  WW.O  and LifeMD  LFMD.O 
fall 13% and 20%, respectively, after Eli Lilly  LLY.N  launches
website for weight-loss drug
    ** U.S. drugmaker LLY launched a website that will allow
people with obesity to get prescriptions through telehealth
providers and opt for home delivery of the company's weight-loss
drug
    ** Shares of weight-loss services company WW International
 WW.O , earlier known as WeightWatchers, down 13.6% at $6.60 
        ** Shares of direct-to-patient telehealth services
provider LFMD fall 20% to $6.20 
  
    ** LFMD, in December, entered into an agreement with health
and wellness company Medifast  MED.N  that sells a variety of
weight loss, weight management and healthy living products
        ** LFMD stock gained 327.3% in 2023 
  
    ** WW stock more than doubled in 2023, boosted by its
acquisition of subscription telehealth platform Sequence to
enter the obesity drug prescription business

 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))