New weight-loss drug heralded as 'game changer'

[tulipsandroses]

7. I don't think it will be a game changer because the cost will be prohibitive. A similar med already

exists. Saxenda a similar drug has been around for awhile. Saxenda is a daily injection This is a weekly injection. Most insurance plans do not cover obesity. Interestingly they cover the costs that come from complications of obesity. Lifelong diabetes, hypertension, high cholesterol, cancer, sleep apnea, and on and on. They sure will cover those drugs, doctor visits, hospital stays, surgeries. But not medication or care to effectively prevent those issues.

If your insurance plan does not cover obesity, then you pay out of pocket. Not too many people want to cough up $1400 a month or have that kind of money to spare. So I doubt that the weekly injection will make these types of drugs any more popular. Not until they are more affordable. I don't see any of these meds becoming affordable for most, any time soon. Drug companies are slick at keeping prices high. Last year Saxenda was approved in use of obese children. Why? Extending the patent to keep the price high. Saxenda was approved in 2014. A a new drug has a 7 yr patent. Generics can be made after the 7 yrs. EXCEPT that the Saxenda makers added a new use for the medication. That now prevents generics from being made. What year is this? 2021. Oh it would have been 7 yrs since Saxenda was first approved. Also works for them since this new med does not have approval for children.

Not saying the stock won't do well. I just don't think it will have a wide appeal due to being cost prohibitive