Airlines Advocate for Passenger Weighing to Enhance Safety

Starting Monday, Korean Air will implement a new policy requiring passengers to step on a scale before boarding their flights. The law, which applies to all Korean flag carriers, requires airlines to weigh passengers and their carry-on luggage every five years in the interest of flight safety. However, the announcement of this policy has received …

Read more

Genesis Therapeutics Secures $200 Million Funding for AI-Driven Drug Discovery

Several startups specializing in AI-powered drug discovery have recently secured substantial funding. Causaly, BenchSci, Iktos, TandemAI, and Protai have all closed significant funding rounds this year. Joining this list is Genesis Therapeutics, which recently announced the completion of a $200 million Series B funding round. This round brings the total funding for the Burlingame, California-based …

Read more

New Poll Ranks Opioids and Obesity as Leading Public Health Threats

According to a recent poll, Americans have identified opioids and obesity as the primary threats to public health, ranking COVID-19 lower on the list. The Axios-Ipsos poll revealed that 26 percent of Americans consider opioids and fentanyl to be the greatest public health threat, closely followed by 23 percent who view obesity as a significant …

Read more

Ozempic gains popularity as Slimfast faces declining demand

Slimfast has experienced a decline in sales due to the rising popularity of weight loss drugs like Ozempic. Data from Glanbia, the owner of Slimfast, shows that consumption of the company’s meal replacement shakes in the US dropped by 33% between May and July. This decline can be attributed to the increasing demand for drugs …

Read more

Novo Nordisk Set to Acquire Inversago Pharma, a Prominent Canadian Obesity Drug Manufacturer

Novo Nordisk, a Danish pharmaceutical company, has announced its acquisition of Inversago Pharma, a private obesity drug manufacturer, for a potential sum of $1.08 billion. This move aims to expand Novo Nordisk’s portfolio of weight loss treatments, following the success of its Wegovy and Ozempic injections. The final price of the deal will be determined …

Read more

Over a Million Individuals Ineligible for Insurance Due to Excessive Weight

Insurers use BMI as a factor in determining life insurance premiums, with higher thresholds for younger individuals. According to Mr. Lakey, insurers assume that younger individuals have a higher risk of becoming morbidly obese in the future, resulting in higher premiums. For policyholders aged 17 to 30, HSBC charges extra fees of up to 150% …

Read more

Insurers Encounter Lengthy Journey and Expensive Coverage Costs

A collection of injector pens for Saxenda, a weight loss drug, is featured in a photo illustration in Chicago, Illinois, US, on March 31, 2023. A recent clinical trial has shown that Novo Nordisk’s obesity drug Wegovy can reduce the risk of serious heart problems by 20%, which is a significant finding that could increase …

Read more

Q2 2023 Earnings Report for Eli Lilly (LLY)

Sopa Images | Lightrocket | Getty Images On Tuesday, Eli Lilly, a leading pharmaceutical company, raised its full-year guidance as second-quarter profit surged 85% compared to the same period last year. The increase in profit was driven by strong sales from the company’s drug pipeline. Eli Lilly now expects full-year revenue between $33.4 billion to …

Read more