WeightWatchers falls as Eli Lilly launches website for weight-loss drugs

WW International

04/01/2024 14:54

** Shares of weight-loss services firm WW International
 WW.O , also known as WeightWatchers down 6.5% to $7.2
    ** U.S. drugmaker Eli Lilly  LLY.N  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
    ** The service, called LillyDirect, comes on the back of the
launch of Lilly's obesity drug Zepbound last month, the latest
entrant to a market that is forecast to grow to about $100
billion by the end of the decade
    ** 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;))