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Anti-obesity drugs can be boost for food makers, investors say

Anti-obesity drugs can be boost for food makers, investors say
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Analysis-Anti-obesity drugs can be boost for food makers, investors say

The growth in demand for appetite suppressing anti-obesity drugs like Novo Nordisk's Wegovy presents opportunities for food manufacturers and the market's initially downbeat reaction may be overdone, investors say. When Walmart said this month that it saw a slight pullback in food consumption when people took the medication, it sparked a sell off in shares of companies including Nestle, the world's biggest packaged food maker. "It feels like quite an overreaction," said Aviva portfolio manager Richard Saldanha.

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Analysis-Anti-obesity drugs can be boost for food makers, investors say By Reuters

Analysis-Anti-obesity drugs can be boost for food makers, investors say By Reuters
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Anti-obesity drugs can be boost for food makers, investors say

The growth in demand for appetite suppressing anti-obesity drugs like Novo Nordisk s Wegovy presents opportunities for food manufacturers and the market s initially downbeat reaction may be overdone,.

City ofUnited kingdomUnited statesKirsten donovanBrian frankMark schneiderRichard saldanhaMatt scuffhamJohn plassardRicha naiduKiran azizNovo nordisk wegovyHealth sciencesCoca colaTyson foodsNovo nordisk

Analysis: Anti-obesity drugs can be boost for food makers, investors say

Analysis: Anti-obesity drugs can be boost for food makers, investors say
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